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
|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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