Juniper breaks billion dollar sales barrier

Juniper Networks has broken the billion dollar revenue barrier after posting a 23% year-on-year and 3% sequential spike in revenues to $1.012bn (£638.4m) in its fiscal third quarter, which closed on 30 September. The networking vendor booked GAAP net profit of $134.5m, up 60% on the year-a

Juniper Networks has broken the billion dollar revenue barrier after posting a 23% year-on-year and 3% sequential spike in revenues to $1.012bn (£638.4m) in its fiscal third quarter, which closed on 30 September.

The networking vendor booked GAAP net profit of $134.5m, up 60% on the year-ago quarter, but in spite of breaking all previous records, CEO Kevin Johnson said that "robust overall demand and strength in bookings [meant] we could have done better from a revenue perspective".

Speaking on a conference call Johnson went on to discuss the tentative economic recovery, saying: "The near-term signals we are getting from economic data all support a view that there will be bumps."

"While we won't be immune to all of them we are highly confident in our [New Network] strategy and our ability to strengthen our position in an industry with solid long-term fundamentals," he added.

Broken down by geography, EMEA accounted for 27% of Juniper's sales during the quarter, compared to 53% in North America. EMEA sales were down 5% sequentially but up 13% year-on-year, with the western Europe ops, particularly the UK, holding their own in a tough market, according to CFO Robyn Denholm.

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