Juniper Networks (NASDAQ:JNPR, news, filings) is one of the early birds of earnings season, and today offered up a bit of spring with its Q1/11 results. The company’s revenue of $1.102B and non-GAAP earnings per share of $0.32 were down sequentially from the seasonally strong Q4, but were perfectly inline with analyst projections. Here’s a quick table of the routing giant’s numbers and guidance in the context of last year’s results:
| $ in millions | Q1/10 | Q2/10 | Q3/10 | Q4/10 | Q1/11 | Q2/11
(guidance) |
|---|---|---|---|---|---|---|
| Revenue | $912.6 | $978.3 | $1012.4 | $1190 | $1102 | $1130-1180 |
| EPS (non-GAAP) | 0.27 | 0.30 | $0.32 | $0.42 | $0.32 | $0.31-0.34 |
| Operating Margin (non-GAAP) | 23.2% | 23.9% | 24.1% | 24.5% | 22.3% | 22-23% |
Revenue guidance for Q2 was inline, while that for non-GAAP earnings per share was a bit light compared with projections. Nevertheless, the markets seem to have liked the results as the stock is up over $1 after hours. I believe this is because of not-so-latent fears that the effects of the earthquake and tsunami in Japan would be much more apparent in results across a wide spectrum of companies. Juniper’s Q2 forecast includes such effects, and was still quite solid – and therefore reassuring.
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