Juniper Networks, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 30, 2024 at 04:16 pm EST
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Juniper Networks, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 1,364.8 million compared to USD 1,448.8 million a year ago. Net income was USD 124.3 million compared to USD 180.4 million a year ago. Basic earnings per share from continuing operations was USD 0.39 compared to USD 0.56 a year ago. Diluted earnings per share from continuing operations was USD 0.38 compared to USD 0.55 a year ago.
For the full year, revenue was USD 5,564.5 million compared to USD 5,301.2 million a year ago. Net income was USD 310.2 million compared to USD 471 million a year ago. Basic earnings per share from continuing operations was USD 0.97 compared to USD 1.46 a year ago. Diluted earnings per share from continuing operations was USD 0.95 compared to USD 1.43 a year ago.
Juniper Networks, Inc. is one of the world's leaders in designing and marketing ultra-high-speed Internet routing equipment. The group's products are primarily intended for telecommunication service providers, government organizations, educational institutions, and research centers. The group's activity is organized around 4 families of products and services:
- networking infrastructure products: high-performance routers and broadband connection equipment;
- network switching products: Ethernet switches, data center switches, etc.;
- IT security products and solutions : firewalls, VPN systems, security housings, intrusion detectors, etc. The group also offers application acceleration solutions.
- consulting, maintenance and training services.
Net sales break down by market into enterprises (46%), service providers (33.1%) and cloud operators (20.9%).
Products are manufactured by subcontractors.
Net sales break down geographically as follows: the United States (55.1%), the Americas (4.8%), Europe/Middle East/Africa (25.3%) and Asia/Pacific (14.8%).