Juniper

Juniper Announces $1.2 Billion In Quarterly Earnings

Juniper Networks, which has a large campus in Westford’s Tech Park East, reported $1.2 billion in second quarter revenue this week, up 5% from the first quarter of 2014.

Net revenues from 2Q 2013 also jumped 7%, with year-by-year increases for their operating margin as well (9.4% GAAP, 22.3% non-GAAP)

“Juniper delivered another solid quarter of revenue growth, with continued diversification across our target verticals. With our focused strategy, we are seeing clear signs of success with customers who are in a build cycle for High-IQ networks and Cloud ecosystems,” said Shaygan Kheradpir, chief executive officer, Juniper Networks. “We are relentlessly executing on our Integrated Operating Plan and successfully implemented several initiatives to drive greater efficiencies across our organization. Throughout, we have been working to ignite our culture of innovation and maintain our unwavering commitment to shareholders to drive significant value through profitable growth.”

In the quarterly earnings report, Juniper also announced it will be selling Junos Pulse, a product designed to secure networks remotely, to Siris Capital for $250 million.

For its next quarterly earnings report on September 30, Juniper reported expected quarterly revenues between $1.15 and $1.2 billion.