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Dec 31, 2021
Juniper Networks Q4 2021 Earnings Report
Juniper Networks reported preliminary financial results, with revenue increasing and GAAP operating margin improving.
Key Takeaways
Juniper Networks reported a 6% year-over-year increase in net revenues to $1,299.9 million for Q4 2021. GAAP net income increased significantly, resulting in diluted earnings per share of $0.40. The company's performance was driven by strong demand across all verticals, customer solutions, and geographies.
Net revenues increased by 6% year-over-year to $1,299.9 million.
GAAP operating margin improved to 11.8% from 8.0% in Q4 2020.
GAAP net income increased by 331% year-over-year to $132.9 million, resulting in diluted earnings per share of $0.40.
Non-GAAP net income was $184.7 million, resulting in non-GAAP diluted earnings per share of $0.56.
Juniper Networks
Juniper Networks
Juniper Networks Revenue by Geographic Location
Revenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
Juniper Networks provided its outlook for the three months ending March 31, 2022. Revenue is expected to be approximately $1,150 million, plus or minus $50 million.
Challenges Ahead
- Significant supply chain related headwinds associated with rising component costs and shortages.
- Elevated freight costs are expected to continue at least through the first half of the year.
- Pricing actions to offset these headwinds are not expected to have an impact until later in the year.
- Non-GAAP gross margin will be approximately 58.0%, plus or minus 1%.
- Non-GAAP operating expenses will be approximately $532 million, plus or minus $5 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income