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Jun 30, 2024
Juniper Networks Q2 2024 Earnings Report
Reported preliminary financial results for the second quarter of 2024.
Key Takeaways
Juniper Networks reported net revenues of $1,189.6 million, a decrease of 17% year-over-year. GAAP operating margin was 3.8%, and non-GAAP operating margin was 10.9%. GAAP net income was $34.1 million, resulting in diluted net income per share of $0.10. Non-GAAP net income was $101.6 million, resulting in non-GAAP diluted net income per share of $0.31.
Experienced better than expected demand during the June quarter, with orders growing double-digits sequentially and year-over-year.
Saw particularly robust orders from cloud customers, many of which have digested prior purchases and are investing to support AI initiatives.
Experienced better than expected enterprise demand due to continued momentum in Mist-led Campus & Branch business and strong demand for Enterprise data center offerings.
Q2 financial results were largely in-line with expectations at the beginning of the quarter.
Revenue by Geographic Location
Forward Guidance
In light of the proposed transaction with HPE, and as is customary during the pendency of an acquisition, Juniper Networks will not be providing financial guidance for 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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