Juniper Networks, Inc. (NASDAQ: JNPR) has reported preliminary financial results for the three months ended September 30, 2009. Net revenues for the third quarter of 2009 increased 5 percent to US$823.9 million from US$786.4 million reported in the second quarter of 2009 and declined 13 percent on a year-over-year basis. The Company posted GAAP net income of US$83.8 million, or US$0.16 per diluted share, and non-GAAP net income of US$122.5 million, or US$0.23 per diluted share for the third quarter of 2009. Non-GAAP net income per share represents an increase of 21 percent quarter-over-quarter from the US$0.19 per diluted share reported for the second quarter of 2009 and a decrease of 28 percent from the US$0.32 per diluted share reported for the third quarter of 2008. Juniper's operating margin for the third quarter of 2009 increased to 15.5 percent on a GAAP basis from 12.2 percent in the second quarter of 2009, and decreased from 21.3 percent in the prior year third quarter. Non-GAAP operating margin for the third quarter of 2009 increased to 20.8 percent from 18.1 percent in the second quarter of 2009 and decreased from 25.1 percent in the prior year third quarter. Juniper generated net cash from operations for the third quarter of 2009 of US$223.9 million, compared to net cash from operations of US$148.7 million in the second quarter of 2009. To read the entire financial report, access this direct link.