Juniper’s third quarter jumps

Fri, 10/24/2008 - 8:15am
Brian Santo

Juniper Networks reported solid revenues, expanding margins and improved profitability for Q3.

Net revenues rose 29 percent from the third quarter of 2007, to $947 million. Net income was $148.5 million, up from $85 million a year ago.

During the quarter, XO Communications deployed Juniper’s MX960 Ethernet Services Routers; Telecom New Zealand International upgraded the capacity and security of its international network with Juniper Networks’ M-series routers and Integrated Security Gateways (ISGs); Ajisen Holdings Limited, a Chinese fast food company, deployed Juniper’s routing, security and switching solutions; and Ferrum College, in Virginia, replaced its 10-year legacy infrastructure with Juniper’s EX-series Switches, Secure Services Gateway and Unified Access Control.

“Juniper delivered a solid quarter during a period of global economic uncertainty,” said Kevin Johnson, CEO of Juniper Networks. “The long-term growth potential of the high-performance networking market is strong, and, even in this uncertain economic climate, we are cautiously optimistic about our near-term opportunities.”

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