Juniper Networks reported a 2% year-over-year increase in net revenues for the fourth quarter of 2019, reaching $1,208.1 million. The company's GAAP net income was $168.4 million, resulting in a diluted earnings per share of $0.49. Non-GAAP net income was $198.7 million, with a non-GAAP diluted earnings per share of $0.58. The company saw encouraging trends across various areas of their business, including record Enterprise sales and double digit year-over-year growth in the Cloud.
Net revenues increased by 2% year-over-year to $1,208.1 million.
GAAP operating margin was 14.8%, while non-GAAP operating margin was 20.3%.
GAAP net income was $168.4 million, resulting in diluted earnings per share of $0.49.
Non-GAAP net income was $198.7 million, resulting in non-GAAP diluted earnings per share of $0.58.
For the quarter ending March 31, 2020, Juniper Networks expects revenue to be approximately $1,030 million, plus or minus $30 million, and non-GAAP net income per share to be approximately $0.27, plus or minus $0.03.
Visualization of income flow from segment revenue to net income