Rami Rahim, CEO of increasingly acquisitive Juniper Networks, sounded fairly satisfied on the company's earnings conference call with analysts transcribed by Motley Fool to discuss Q4 and full-year performance in 2020.
"We are exiting 2020 following two consecutive quarters of year-over-year growth, and entering the new year with good momentum," he said.
The supplier generated net revenue of $1.22 billion for the quarter, up 1% year-on-year, with compared with analyst expectations of $1.19 billion.
At the mid-point of guidance for Q1 2021, Juniper expects a year-on-year net revenue increase of 6%.
Of that guidance $1.05 billion, plus or minus $50 million Juniper notes that less than $10 million will be from the recent acquisitions of Apstra, 128 Technology and Netrounds.