Juniper's Q1 better than anticipated

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 pe

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.

MicroScope+

Content

Find more MicroScope+ content and other member only offers, here.

Read more on Network Infrastructure Solutions and Services

0 comments

Oldest 

Forgot Password?

No problem! Submit your e-mail address below. We'll send you an email containing your password.

Your password has been sent to:

-ADS BY GOOGLE

ComputerWeekly

SearchITChannel

Close