Juniper Reports 1Q14 Revenue of $1.17 Billion
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For the quarter, Juniper reported revenue of $1.17 billion, a 10 percent year-over-year gain. Net income came in at $110.6 million or $0.22 per share. Looking forward, Juniper provided second quarter guidance for revenue to range from $1.20 billion to $1.23 billion.
Looking at Juniper's core product categories, routing product revenue was $550 million, up seven percent year-over-year. Switching product revenue was $192 million, up 46 percent year-over-year. Total security product revenue was $134 million, down two percent year-over-year.
"I am pleased with our Q1 2014 results, which reflect continued momentum in the business," Shaygan Kheradpir, CEO of Juniper, said during his company's earnings call.