Feeds

One in ten workers squeezed out at Juniper

Financial results are healthier, though

  • alert
  • submit to reddit

Remote control for virtualized desktops

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
The DRUGSTORES DON'T WORK, CVS makes IT WORSE ... for Apple Pay
Goog Wallet apparently also spurned in NFC lockdown
IBM, backing away from hardware? NEVER!
Don't be so sure, so-surers
Hey - who wants 4.8 TERABYTES almost AS FAST AS MEMORY?
China's Memblaze says they've got it in PCIe. Yow
Microsoft brings the CLOUD that GOES ON FOREVER
Sky's the limit with unrestricted space in the cloud
This time it's SO REAL: Overcoming the open-source orgasm myth with TODO
If the web giants need it to work, hey, maybe it'll work
'ANYTHING BUT STABLE' Netflix suffers BIG Europe-wide outage
Friday night LIVE? Nope. The only thing streaming are tears down my face
Google roolz! Nest buys Revolv, KILLS new sales of home hub
Take my temperature, I'm feeling a little bit dizzy
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.