Juniper Networks, Inc. said its normalized net income for the second quarter came to 41 cents per share, compared with the S&P Capital IQ consensus estimate of 54 cents per share.
EPS climbed 32.4% year over year from 31 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $157.8 million, an increase of 32.1% from $119.4 million in the year-earlier period.
The normalized profit margin increased to 12.1% from 9.8% in the year-earlier period.
Total revenue rose 7.2% year over year to $1.31 billion from $1.22 billion, and total operating expenses climbed from the prior-year period to $1.04 billion from $1.02 billion.
Reported net income grew 30.3% on an annual basis to $181.2 million, or 47 cents per share, from $139.1 million, or 36 cents per share.
