Juniper Networks Reports Preliminary First Quarter 2020 Financial Results
Juniper Networks, Inc. (JNPR)
Last juniper networks, inc. earnings: 4/28 04:15 pm
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US:NYSE Investor Relations:
investor.juniper.net/investor-relations/default.aspx
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Source: GlobeNewswire
SUNNYVALE, Calif., April 28, 2020 (GLOBE NEWSWIRE) -- Juniper Networks (NYSE: JNPR), a leader in secure, AI-driven networks, today reported preliminary financial results for the three months ended March 31, 2020 and provided its outlook for the three months ending June 30, 2020. First Quarter 2020 Financial Performance Net revenues were $998.0 million, flat year-over-year, and a decrease of 17% sequentially. GAAP operating margin was 3.9%, a decrease from 4.3% in the first quarter of 2019, and a decrease from 14.8% in the fourth quarter of 2019. Non-GAAP operating margin was 10.6%, a decrease from 11.2% in the first quarter of 2019, and a decrease from 20.3% in the fourth quarter of 2019. GAAP net income was $20.4 million, a decrease of 34% year-over-year, and a decrease of 88% sequentially, resulting in diluted earnings per share of $0.06. Non-GAAP net income was $77.2 million, a decrease of 17% year-over-year, and a decrease of 61% sequentially, resulting in non-GAAP diluted
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