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Juniper picks up steam in 2008

Fri, 01/30/2009 - 7:30am
Brian Santo

Juniper Networks reported fourth-quarter revenue was up 14 percent to $923 million, and full-year revenue was up 26 percent to $3.57 billion. Quarterly income was $132 million, and yearly income was $511 million, both significant improvements.

Customers in Q4 included Singapore Telecommunications (SingTel), which is using Juniper's security solution, and Internet Initiative Japan, which deployed Juniper's Ethernet services routers.

Juniper said it also gained traction with its M- and MX-series products, with customers including Deutsche Telekom, Telenor and Telecom Italia.

New customers include Divona Telecom, a satellite and WiMAX telecom operator in Africa, which selected the MX-series Ethernet Services Routers to create a high-speed, service-enabling backhaul network.

Kevin Johnson, chief executive officer of Juniper Networks, said: “Even in this tough economy, we managed to grow year-over-year quarterly revenue by 14 percent and non-GAAP diluted earnings per share by 19 percent. We continue to play offense and grow market share, while at the same time taking action to responsibly manage our cost structure. The long-term growth fundamentals of high-performance networking remain strong, and by strengthening our product portfolio and focusing on the customer, Juniper is positioned for accelerated growth once market conditions improve.”

More Broadband Direct 01/30/09:
•  Verizon: DOCSIS 3.0 isn't the answer
•  Vlog: McSlarrow on broadband stimulus
•  New digital transition delay bill likely to pass
•  AT&T repatriates 4,000 outsourced jobs
•  Thomson to sell Grass Valley to manage debt
•  Harmonic Q4 sales up 11%
•  Juniper picks up steam in 2008
•  Broadcom falls to $159M loss in Q4
•  Nortel exits mobile WiMAX business
•  Hawaii Communications Commission planned
•  Calif. weighs tough TV energy standards
•  Economy shrinks at 3.8% pace in Q4
•  Broadband Briefs for 01/30/09

 

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