Feeds

One in ten workers squeezed out at Juniper

Financial results are healthier, though

  • alert
  • submit to reddit

HP ProLiant Gen8: Integrated lifecycle automation

Juniper Networks yesterday announced plans to lay off 10 per cent of its workforce following the completion of its Unisphere Networks acquisition from Siemens.

The company, which is second-placed behind Cisco System in the high-end routing market, hopes to save around $7m per quarter through the redundancies.

News of the job loses came as the company reported net revenues for the second quarter of $117m, down 42 per cent on the $202.2m for Q2 2001.

Juniper's net income for Q2 2002, which includes amortization of purchased intangibles of $1.6 million and a deferred compensation credit of $8.0 million, was $6.2m, compared with a net loss of $37.1m in Q2 2001.

Analysts expected Juniper's revenues to come in at around $110, so its results came as a pleasant surprise to Wall St, which was concerned the knock on effect a reduction in spending from scandal-hit WorldCom might have on Juniper. ®

Eight steps to building an HP BladeSystem

More from The Register

next story
THUD! WD plonks down SIX TERABYTE 'consumer NAS' fatboy
Now that's a LOT of porn or pirated movies. Or, you know, other consumer stuff
EU's top data cops to meet Google, Microsoft et al over 'right to be forgotten'
Plan to hammer out 'coherent' guidelines. Good luck chaps!
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
FLAPE – the next BIG THING in storage
Find cold data with flash, transmit it from tape
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.