Juniper profits squeezed in uncertain economy


Juniper profits squeezed in uncertain economy

Alex Scroxton
The sense of growing unease in global markets has begun to impact the quarterly results of some of the key vendors, with Juniper Networks the latest to report a slight sequential fall in revenues.

In its preliminary third quarter results, Juniper said sales of $1.1bn were down 1% on Q2, but up 9% year-on-year. GAAP net income was $83.7m, and the non-GAAP figure was $149.8m, down well over 10% on both a sequential and year-on-year basis.

In spite of this, Juniper came out fighting, saying it had met all its quarterly objectives and reporting growing levels of interest around its datacentre and enterprise mobility solutions.

"While the macroeconomic environment dictates we remain agile, Juniper is on the right course to deliver continued growth," said CEO Kevin Johnson.

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