Juniper Networks grows revenues in Q4 but profit depressed by pandemic

Friday 29 January 2021 | 10:01 CET | News
Juniper Networks said revenues for the fourth quarter reached USD 1.222 billion, up 1 percent from the year before but 7 percent higher sequentially. Margins and profit figures all declined however, affected by the coronavirus pandemic. The operating margin fell to 8.0 percent from 14.8 percent while the net profit sank 82 percent to USD 30.8 million. The adjusted net profit decreased 9 percent to USD 181.8 million, with adjusted diluted earnings per share at USD 0.55, a bit higher than forecast.

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Categories: General
Companies: Juniper Networks / Netrounds
Countries: World
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