Juniper Networks reported Q2 net revenues of $1.151 billion, up 7% year-over-year and 9% sequentially. The company posted GAAP net income of $98 million or $0.19 per diluted share for the second quarter of 2013. Non-GAAP net income was $148 million or $0.29 per diluted share for the second quarter of 2013. As a reminder, the first quarter of 2013 included an R&D tax benefit of $0.03 per diluted share. Non-GAAP net income per diluted share increased 53% compared to the second quarter of 2012.
"We're pleased with our strong second quarter results, which reflect our continued ability to execute on our strategy," said Kevin Johnson, chief executive officer of Juniper Networks. "We continue to see signs of strength in our key markets and we are confident in our routing and switching portfolio. We are also seeing early signs of improving security demand. As we drive innovation to differentiate across our product portfolio, we continue to deliver revenue growth and stay focused on executing with agility to drive value for all our stakeholders."
