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Juniper Networks prospers in Q1

Fri, 04/25/2008 - 8:15am
Brian Santo

Juniper Networks reported strong revenue and profit growth in its first quarter and improved operating profit margins.

Adoption of the MX-series – Juniper’s carrier Ethernet services router family – continued, with deployments by nLayer, a North American provider of Internet connectivity and wholesale bandwidth, and by Russia’s PeterStar, Bulgaria’s SpectrumNet and Carphone Warehouse in the U.K.

In the service provider market, Juniper completed its first full quarter of shipping its T1600 multi-terabit core router, with orders for more than 105 units, of which about three-quarters were shipped. Customers included Tiscali International Network, the wholesale carrier division of the Tiscali Group, and HiNet, a wholly owned subsidiary of Chunghwa Telecom in Taiwan.

Net revenues for the first quarter of 2008 rose 31 percent on a year-over-year basis, to $822.9 million. The Company posted a net income of $110.4 million, up 44 percent from the first quarter of 2007.

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