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Juniper's Q1 better than anticipated

Alex Scroxton
Cisco-challenger Juniper Networks has rounded off a productive first quarter, posting preliminary results that came in ahead of previously detailed expectations.

Juniper made total sales of $912.6m (£593m), up 19% on the same period last year, while GAAP net income hit $161.3m or $0.30 per share - reversing a year-ago net loss - after booking a non-recurring income tax benefit of $54.1m.

A pre-announcement poll conducted by Thomson Reuters had called for EPS of around $0.26 on sales of $906m.

CEO Kevin Johnson said the Q1 numbers provided a strong foundation for growth over the next nine months, adding: "We are building momentum by investing in key areas like mobility and video that transform the economics and experiences of networking for our customers."

Juniper now anticipates revenues of around $950m during the second quarter.

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