Juniper Networks (NYSE: JNPR) has announced preliminary financial results for the third quarter ending Sept. 30, 2010.
According to the firm, “net revenues for the third quarter of 2010 increased 23 percent on a year-over-year basis, and increased 3 percent sequentially, to $1, 012.4 million. The company posted GAAP net income of $134.5 million, or $0.25 per diluted share, and non-GAAP net income of $171.5 million, or $0.32 per diluted share, for the third quarter of 2010. Non-GAAP net income per diluted share increased 39 percent compared to the third quarter of 2009 and increased 7 percent compared to last quarter. The reconciliation between GAAP and non-GAAP results of operations is provided in a table immediately following the Net Revenues by Market table below.”
The firm’s leadership feels the fiscal results are indicative of Juniper’s ability to deliver.
“Juniper’s results reflect our ability to deliver on the promise of the New Network with cost-effective solutions that scale to meet growing network demand, ” CEO Kevin Johnson said. “We anticipate customer demand to remain healthy and are well-positioned to drive further gains as we enable the deployment of secure, scalable wireless networks and deliver solutions to the growing cloud-computing market.”
