Juniper boss sees potential despite crunch

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Juniper boss sees potential despite crunch

Alex Scroxton

As another turbulent week on the stock markets draws to a close and politicians begin to openly talk about a recession, Juniper Networks has bucked the downward trend, posting Q3 numbers that show a 29% year-on-year increase in sales to $947m and prove that the networking sector is still performing above par. 

Net income also soared a massive 74% from $85.1m in Q3'07 to $148.5m last quarter, beating analyst expectations. 

Although he admitted that there was concern over economic uncertainty, CEO Kevin Johnson said that continual enhancements to its product portfolio and operational improvement had "enabled us to drive revenue growth and improve margins". 

Johnson continued: "The long-term growth potential of the high-performance networking market is strong and even in this economic climate we are cautiously optimistic about our near-term opportunities."


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