Juniper sales up on network spending rebound

Juniper Networks has reported strong results for the fourth quarter of its fiscal 2009, giving more weight to talk that enterprise customers in the US are now ramping up their network spend. Although Q4 GAAP net profit dipped just over 1% year-on-year to $131m (£81.14m), sales for the three m

Juniper Networks has reported strong results for the fourth quarter of its fiscal 2009, giving more weight to talk that enterprise customers in the US are now ramping up their network spend.

Although Q4 GAAP net profit dipped just over 1% year-on-year to $131m (£81.14m), sales for the three months ending 31 December rose 2% over Q4'08 to $941m.

"Juniper enters 2010 with good operational execution, improved financial results and a clear strategic direction centered on innovation and expanded routes to market," said CEO Kevin Johnson, who predicted "improving conditions" in 2010.

The networking infrastructure crowd will now be waiting with baited breath for Cisco to bring on its next set of quarterly numbers, scheduled for Wednesday 3 February.

Both Juniper and Cisco have been hit by stagnant spending patterns in the recession but Cisco CEO John Chambers was among the first to dare to call the bottom of the slump in mid-2009, and is expected to remain optimistic.

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