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General

Juniper Networks forecasts drop in FY operating margin

Tuesday 26 July 2016 | 23:33 CET | News
Juniper Networks reported second-quarter results at the high end of its outlook but warned of pressure on sales and margins in the near term due to the weak macroeconomic environment. Net revenues for the second quarter of 2016 were USD 1,22 billion, flat year-over-year and an increase of 11 percent sequentially. The equipment maker's operating margin fell to 16.7 percent from 19.9 percent a year ago. Net profit was down 11 percent year-on-year to USD 140 million, and adjusted EPS came in at USD 0.50, down from USD 0.53 a year earlier. Juniper said it expects modest growth in the full year

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Categories: General
Companies: Juniper Networks
Countries: World
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