Juniper Networks, Inc. (JNPR) CEO Rami Rahim on Q1 2022 Results - Earnings Call Transcript

Juniper Networks, Inc. (NYSE:JNPR) Q1 2022 Earnings Conference Call April 26, 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

Simon Leopold - Raymond James

David Vod - UBS

Rod Hall - Goldman Sachs

Aaron Rakers - Wells Fargo

George Notter - Jefferies

Amit Daryanani - Evercore

Jim Suva - Citigroup

Meta Marshall - Morgan Stanley

Paul Silverstein - Cowen

Operator

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

It’s 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 first 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 in 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 have a chance.

With that, I will now turn the call over to Rami.

Rami Rahim

Good afternoon, everyone, and thank you for joining us on today’s call to discuss our Q1 2022 results. Before I begin, I’d like to provide a brief statement on the Russian invasion of Ukraine. My thoughts are with all those affected by this tragic war, particularly our colleagues in the region and those with loved ones who have been impacted. When the war began, we quickly suspended all sales and services within Russia and Belarus. Given the complexity of the events, we’re continuing to closely monitor the situation and hope for the restoration of peace and safety. In the meantime, Juniper and its employees made contributions to support humanitarian efforts in Ukraine, and the Juniper Foundation made a donation to UNICEF to help its vital work in the region.