Thursday, February 2, 2023
  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory
  • Login
  • Register
Cloud7 News
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
No Result
View All Result
Cloud7 News
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
No Result
View All Result
Cloud7 News
No Result
View All Result

Home > Cloud Computing > Juniper Networks reports Q2 2022 financial results

Juniper Networks reports Q2 2022 financial results

Juniper Networks announced the company's financial results for the second quarter of 2022, which ended on the 30th of June.


Erdem Yasar Erdem Yasar
July 27, 2022
2 min read
Juniper Network reports financial results
  • In the quarter, Juniper Networks’ net revenues were $1,269.6 million with an increase of 8% year-over-year.
  • In the third quarter, the company aims to work closely with suppliers to mitigate the effects of semiconductor shortages.
  • The company expects solid revenue growth in the third quarter.

Secure and AI-driven network solutions provider, Juniper Networks reported preliminary financial results for the second quarter of 2022, which ended June 30. The company also shared its outlook for the next quarter which will end on September 30. In the second quarter, the company managed to increase its net revenues both year-over-year and sequentially.

Financial performance and outlook

In the second quarter of 2022, the company’s net revenues increased by 8% year-over-year or 9% compared to the previous quarter, to $1,269.6 million. GAAP operating margin was 8.5%, an increase from 7.3% in the second quarter of 2021, and an increase from 5.0% in the first quarter. GAAP net income was $113.4 million, increased by 83% year-over-year and 104% sequentially. Non-GAAP operating margin was 13.9%, a decrease from 15.8% in the second quarter of 2021, and an increase from 11.8% in the first quarter of 2022. Non-GAAP net income was $136.4 million, decreased by 3% year-over-year and increased by 34% compared to the previous quarter.

At the end of the quarter, total cash, cash equivalents, and investments were $1,285.6 million, compared to $1,815.4 million at the end of the 2nd quarter of 2021 and $1,668.9 million at the end of the first quarter of 2022. The company also shared its outlook for the next quarter. The company aims to resolve supply chain challenges caused by the semiconductor shortage. The company is also focusing on working with suppliers to mitigate the effects of disruptions. In the third quarter, the company expects solid revenue growth. The company’s guidance for the quarter ending September 30, 2022, is as follows:

  • Revenue will be approximately $1,350 million, plus or minus $50 million.
  • Non-GAAP gross margin will be approximately 56.5%, plus or minus 1.0%.
  • Non-GAAP operating expenses will be approximately $550 million, plus or minus $5 million.
  • Non-GAAP operating margin will be approximately 15.8% at the mid-point of revenue guidance.
  • Non-GAAP other income and expense (OI&E) will be near Q2’22 levels.
  • Non-GAAP tax rate will be approximately 19.5%.
  • Non-GAAP net income per share will be approximately $0.50, plus or minus $0.05. This assumes a share count of approximately 330 million.
Rami Rahim, CEO of Juniper Networks
Rami Rahim, CEO of Juniper Networks

Rami Rahim, CEO of Juniper Networks said,

« We exceeded our revenue forecast during the June quarter and delivered a second consecutive quarter of double-digit year-over-year product revenue growth. Demand signals remain healthy and we are seeing attractive opportunities across our enterprise, cloud and service provider markets. Based on this momentum, the backlog we have built, and our latest expectations regarding supply, I am increasingly optimistic regarding our revenue growth prospects for the year. »

See more Cloud Computing News


Tags: Juniper Networks
Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Next Post
IQM-Quantum-Computers-raises-130M

IQM Quantum Computers raises $130M

Related News

Gcore introduces per-minute billing for video streaming

Gcore introduces per-minute billing for video streaming

February 1, 2023 5:45 pm
F5 reports first quarter financial results

F5 reports first quarter financial results

February 1, 2023 2:00 pm
Mirantis announced the acquisition of Shipa

Mirantis announced the acquisition of Shipa

February 1, 2023 12:30 pm
IBM announced job cuts along with financial results

IBM announced job cuts along with financial results

January 30, 2023 4:00 pm
Get free daily newsletters from Cloud7 News Get the Cloud7 Newsletter
Select list(s):

Check your inbox or spam folder to confirm your subscription.

By subscribing, you agree to our
Copyright Policy and Privacy Policy

Get the free newsletter

Subscribe to receive the latest IT business updates straight to your inbox.

Select list(s):

Check your inbox or spam folder to confirm your subscription.

Editor's Choice

What’s new in Linux kernel 6.2 rc6?

10 Best Web Hosting Services of 2023

Ubuntu 22.04 LTS is available for download. What is new?

CERN and Fermilab recommend AlmaLinux

7 best hosting control panels of 2023

How to update Linux Kernel without rebooting?

7 best Linux mail servers of 2023

7 best cPanel alternatives for 2023

7 best Linux web browsers for 2023

7 best CentOS alternatives

7 best Linux server distros of 2023

Interview with Igor Seletskiy on AlmaLinux

How to create a VM on VMware Workstation

Recent News

  • Gcore introduces per-minute billing for video streaming
  • APTs are looking for developers to hire with hefty paychecks
  • F5 reports first quarter financial results
  • US extradites ShinyHunters hacker
  • Hacker steals code signing certificates for GitHub Desktop and Atom

Cloud7 News
Cloud7 is a news source that publishes the latest news, reviews, comparisons, opinions, and exclusive interviews to help tech users of high-experience levels in the IT industry.

EXPLORE

  • Web Hosting
  • Cloud Computing
  • Data Center
  • Cybersecurity
  • Linux
  • Network/Internet
  • Software
  • Hardware
  • How-Tos
  • Troubleshooting

RESOURCES

  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory

Get the Cloud7 Newsletter

Get FREE daily newsletters from Cloud7 delivering the latest news and reviews.

  • About
  • Privacy & Policy
  • Copyright Policy
  • Contact

© 2023, Cloud7 News. All rights reserved.

No Result
View All Result
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory

© 2023, Cloud7 News. All rights reserved.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.