Juniper Networks reported Q1 2017 net revenues of $1,221.0 million, an increase of 11% year-over-year and a decrease of 12% sequentially. GAAP operating margin for the first quarter of 2017 was 12.8%, a decrease from 13.5% in the first quarter of 2016, and a decrease from 20.7% in the fourth quarter of 2016.
Juniper posted GAAP net income of $108.8 million, an increase of 19% year-over-year, and a decrease of 42% sequentially. GAAP diluted earnings per share for the first quarter of 2017 was $0.28.
“We had a positive start to 2017, delivering strong year-over year revenue and earnings growth,” said Rami Rahim, chief executive officer at Juniper Networks. “I am proud of the strength of our product and solution portfolios, pleased with the diversification of our customer base, and confident in our ability to execute to our strategy. We continue to drive strong momentum with cloud solutions across our key verticals.”
