Juniper Networks, Inc. (JNPR) Q3 2022 Earnings Call Transcript

Juniper Networks, Inc. (NYSE:JNPR) Q3 2022 Earnings Conference Call October 25, 2022 5:00 PM ET

Company Participants

Jess Lubert - Vice President, Investor Relations

Rami Rahim - Chief Executive Officer

Ken Miller - Chief Financial Officer

Conference Call Participants

Aaron Rakers - Wells Fargo

Samik Chatterjee - JPMorgan

Simon Leopold - Raymond James

David Vogt - UBS

Sami Badri - Credit Suisse

George Notter - Jefferies

Meta Marshall - Morgan Stanley

Paul Silverstein - Cowen

Amit Daryanani - Evercore

Alex Henderson - Needham

James Fish - Piper Sandler

Fahad Najam - Loop Capital

Jim Suva - Citigroup

Tal Liani - Bank of America

Operator

Good afternoon, ladies and gentlemen, and welcome to the Juniper Networks Third Quarter 2022 Financial Results Conference Call. At this time, all participants have been placed on a listen-only mode, and we will open the floor for your questions and comments after the presentation.

It is now my pleasure to turn the floor over to your host, Jess Lubert. Sir, the floor is yours.

Jess Lubert

Thank you, operator. Good afternoon, and welcome to our third quarter 2022 conference call. Joining me today are Rami Rahim, Chief Executive Officer; and Ken Miller, Chief Financial Officer.

Today's call contains certain forward-looking statements based on our current expectations. These statements are subject to risks and uncertainties, and actual results might differ materially. These risks are discussed in our most recent 10-Q, the press release and CFO commentary furnished with our 8-K filed today and in our other SEC filings. Our forward-looking statements speak only as of today, and Juniper undertakes no obligation to update any forward-looking statements.

Our discussion today will include non-GAAP financial results. Reconciliation information can be found on the Investor Relations section of our website under Financial Reports. Commentary on why we consider non-GAAP information a useful view of the company's financial results is included in today's press release.

Following our prepared remarks, we will take questions. We ask that you please limit yourself to one question so that as many people as possible who would like to ask a question has a chance.

With that, I’ll now hand the call over to Rami.

Rami Rahim

Good afternoon, everyone, and thank you for joining us on today's call to discuss our Q3 2022 results. We delivered better than expected results during the September quarter as total revenue of $1.450 billion not only exceeded the high end of our guidance but also set an all-time quarterly revenue record for Juniper.