Juniper Networks Inc JNPR
Q1 2013 Earnings Call Transcript

Transcript Call Date 04/23/2013

Operator: Greetings and welcome to the Juniper Networks First Quarter 2013 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Ms. Kathleen Nemeth, Vice President, Investor Relations. Thank you, Ms. Nemeth. You may begin.

Kathleen Nemeth - IR: Thank you, Operator. Good afternoon and thank you everyone for joining us today. Here on the call are Kevin Johnson, Chief Executive Officer; Robyn Denholm, Chief Financial Officer; and Rami Rahim, Executive Vice President, Platform Systems Division. In addition Bob Muglia, Executive Vice President, Software Solutions Division is on the call and will be available for Q&A.

Before we continue, I would like to highlight changes to our reporting segments which are reflected in today's press release. Juniper made changes to better align our business segment reporting to our current organizational structure. Security products previously reported in our Platform Systems Division, PSD segment, are now reported in our Software Solutions Division, SSD segment. Juniper believes this change will provide investors with increased financial reporting transparency and will enable better insight into the trends driving our business. A summary showing PSD and SSD quarterly revenues on a basis consistent with the new reporting structure is included in Appendix 1 of today's press release.

Please remember when listening to today's call that statements concerning Juniper's business outlook economic and market outlook, strategy, future financial operating results, and overall future prospects are forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including economic conditions, generally or within the networking industry, changes in overall technology spending, and spending by communication service providers and major customers, the network capacity requirements of service providers, the timing of orders and shipments, manufacturing and supply chain constraints, variation and the mix of products sold, customer perception and acceptance of our products, rapid technological and market change, litigation and other factors listed in our most recent 10-K filed with the SEC.

All statements made during this call are made only as of today. Juniper undertakes no obligation to update the information in this conference call in the event facts or circumstances change after the date of this call.

In discussing the financial results, Robyn will first present results on a GAAP basis and for purposes of today's discussion will also review non-GAAP results. For important commentary on why the management team considers non-GAAP information a useful view of the Company's financial results, please consult the press release furnished with our 8-K filed with the SEC today.

Read our Earnings Call Transcript disclaimer.
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