Juniper Networks reported net revenues of $879 million in its second quarter, ended June 30, marking a 32 percent increase year-over-year.
Net income for the quarter was $120.4 million, compared with $86.2 million in the year-ago quarter, an increase of about 40 percent.
"We're very pleased with the solid results we have delivered for the first half of 2008," said Scott Kriens, chairman and CEO of Juniper. "This is a testament to the strength of our product cycles, the power of our portfolio strategy and the expanded opportunities made possible by the early success of the EX-series, which together serve to underscore our improved outlook for the second half of the year."
The second quarter saw Juniper’s recently released EX3200 and EX4200 Ethernet switches shipped to more than 100 customers worldwide. It also marked the further expansion of Juniper's Open IP Development Programs, with IBM, NEC, Kasenna and Polycom announcing their participation. And NTT Advanced Technology announced its adoption of the Juniper Partner Solution Development Platform to build specialized applications on top of the Junos network operating system.
On Thursday, Juniper announced the hire of Microsoft veteran Kevin Johnson as CEO, effective in September, replacing Scott Kriens, who will continue to serve as chairman of Juniper’s board (story here).
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