Juniper Networks reports preliminary fourth quarter and fiscal year 2019 financial results
Summary
The change in GAAP net income was primarily due to a higher tax rate and lower revenue. “We believe we are executing well and positioned to sustainably grow the business starting this year.” “We experienced better than expected top and bottom-line results during the December quarter,” said Juniper’s CFO, Ken Miller. The outlook assumes that the exchange rate of the U.S. dollar to other currencies will remain relatively stable at current levels. We expect non-GAAP gross margin to experience normal seasonal patterns in the first quarter and improve with volume through the course of the year. Juniper Networks will host a conference call webcast today, January 27, 2020, at 2:00 pm PT, to be broadcast live over the Internet at http://investor.juniper.net.
