Thursday, July 23, 2015

Juniper's Revenues Rise to $1.2 Billion

Juniper Networks reported Q2 2015 revenue of $1,222 million, a decrease of 1% year-over-year and an increase of 15% sequentially. Juniper posted GAAP net income of $158.0 million, or $0.40 per diluted share for the second quarter of 2015, a decrease of 29% year-over-year and an increase of 97% sequentially.

“We are pleased to report strong sequential revenue growth from the first quarter across all technologies, which reflects the strength of our innovative product portfolio as well as our continued focus on execution,” said Rami Rahim, chief executive officer of Juniper Networks. “Overall, this quarter is a good proof point that Juniper’s strategy is winning and the investments we have made are producing positive results. Our results reflect the diversity of our customer base and we believe this positions us well to capitalize on the market opportunity throughout 2015 and beyond.”

“We exceeded both our revenue and earnings expectations for the quarter, a reflection of the strength in our underlying business and the focused execution of our strategy,” said Robyn Denholm, chief financial and operations officer of Juniper Networks. “We remain committed to our strong focus on operational fundamentals and the effective management of our cost structure. I want to commend our team for remaining laser focused on driving revenue growth and operating efficiency.”

See also