Juniper Posts Q3 Revenue of $1.249 Billion, up 11% YoY

Juniper Networks posted preliminary net revenues for the third quarter of 2015 of $1,248.6 million, an increase of 11% year-over-year and 2% sequentially. Operating margin for the third quarter of 2015 increased to 20.7% on a GAAP basis, a year-over-year increase of 5.4 points and an increase of 0.8 points sequentially.

Net income (GAAP) amounted to $197.7 million, an increase of 91% year-over-year and 25% sequentially.

“We delivered another solid quarter of growth, demonstrating our continued momentum across the business and ability to execute our clear and deliberate strategy,” said Rami Rahim, chief executive officer of Juniper Networks. “We continue to challenge the status quo and bring new product innovations to market that bolster our position as a leader in network innovation. I'm proud of the results our team has yielded and have confidence in our prospects for the future.”

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