Juniper Networks (JNPR) Tops Q1 EPS by 5c, Offers Guidance

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Go back to Juniper Networks (JNPR) Tops Q1 EPS by 5c, Offers Guidance

Juniper Networks Reports Preliminary First Quarter 2023 Financial Results

April 25, 2023 4:15 PM EDT

SUNNYVALE, Calif.--(BUSINESS WIRE)-- Juniper Networks (NYSE: JNPR), a leader in secure, AI-driven networks, today reported preliminary financial results for the three months ended March 31, 2023 and provided its outlook for the three months ending June 30, 2023.

First Quarter 2023 Financial Performance

Net revenues were $1,371.8 million, an increase of 17% year-over-year and a decrease of 5% sequentially.

GAAP operating margin was 8.4%, an increase from 5.0% in the first quarter of 2022, and a decrease from 14.0% in the fourth quarter of 2022.

Non-GAAP operating margin was 14.8%, an increase from 11.8% in the first quarter of 2022, and a... More