SUNNYVALE, Calif., January 28, 2020 - Juniper Networks (NYSE: JNPR), a leader in secure, AI-driven networks, today reported preliminary financial results for the three months and fiscal year ended December 31, 2019 and provided its outlook for the three months ending March 31, 2020.
Fourth Quarter 2019 Financial Performance
Net revenues were $1,208.1 million, an increase of 2% year-over-year, and an increase of 7% sequentially.
GAAP operating margin was 14.8%, a decrease from 16.7% in the fourth quarter of 2018, and an increase from 12.2% in the third quarter of 2019.
Non-GAAP operating margin was 20.3%, a decrease from 21.1% in the fourth quarter of 2018, and an increase from 18.3% in the third quarter of 2019.
GAAP net income was $168.4 million, a decrease of ......Read More