Juniper Posts Q2 Revenue of $1.221 Billion - Flat YoY

Juniper Networks reported Q2 2016 revenue of $1.221.3 billion, flat year-over-year and an increase of 11% sequentially. Juniper posted GAAP net income of $140.0 million, a decrease of 11% year-over-year and an increase of 53% sequentially. GAAP diluted earnings per share for the second quarter of 2016 was $0.36. The company's GAAP operating margin for the second quarter of 2016 was 16.7%, a decrease from 19.9% in the second quarter of 2015, and an increase from 13.5% in the first quarter of 2016.

"Despite an uncertain macro environment, we delivered solid revenue performance and profitability metrics in the second quarter," said Rami Rahim, chief executive officer at Juniper Networks. "There is no shortage of appetite for network innovation. Our diversification strategy and differentiated portfolio enabled us to deliver sequential growth across all geographies, technologies and sectors. We remain as committed as ever to innovating for our customers and to executing with excellence in everything we do."

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