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Sep 30, 2024
Juniper Networks Q3 2024 Earnings Report
Juniper Networks reported preliminary financial results for Q3 2024.
Key Takeaways
Juniper Networks' Q3 2024 financial results exceeded expectations, with net revenues of $1,331.0 million, a decrease of 5% year-over-year, but an increase of 12% sequentially. GAAP net income was $92.6 million, an increase of 22% year-over-year. The company experienced strong demand, with total product orders growing nearly 60% year-over-year.
Net revenues were $1,331.0 million, a decrease of 5% year-over-year.
GAAP operating margin was 7.1%, an increase from 6.3% in the third quarter of 2023.
Non-GAAP operating margin was 15.0%, a decrease from 17.5% in the third quarter of 2023.
GAAP net income was $92.6 million, an increase of 22% year-over-year.
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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