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Juniper pins future growth on mobile web, clouds

Alex Scroxton

Juniper Networks has closed off its financial year with a record quarterly performance, booking sales of $1.19bn (£750m), up 26% year-on-year and 18% sequentially, while GAAP net profit grew 31% year-on-year to $190m.

Full-year sales were up 23% on 2009 to $4.09bn, with net profits up to $618.4m.

The networking infrastructure firm, which competes with Cisco but lags behind it by a considerable margin, has set great store on a multi-year strategy centred on the mobile internet and cloud computing.

According to CEO Kevin Johnson this focus is now beginning to pay off.

"The three acquisitions we announced in the quarter [of security firm Altor, video specialist Blackwave and WLAN outfit Trapeze] complemented our organic R&D and strengthened our offerings in these areas," Johnson told analysts.

"With rapid growth of smartphones and tablets, combined with more video over the net, the demand fundamentals driving service provider investment in advanced wireless networks and next-gen networking appears to be intact," he continued.

The firm has predicted sales of between $1.06bn and $1.11bn for the three months to 31 March.


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