Juniper returns to profit

Solid quarter

server room

Juniper Networks has met analyst expectations for Q`.

The networking equipment vendor posted net revenues for Q1'03 of $157.2 million, 29 per cent up on the $122.2 million for the same period last year. The company recorded net income of $3.7 million for the quarter ending March 31, 2003, compared with a net loss of $46.0 million in the first quarter of 2002.

Juniper's results came out slightly ahead of analysts expectations.

"The first quarter was solid," said Scott Kriens, Chairman and CEO of Juniper Networks. "We are in a unique position to help our customers transform their business of networking."

In a conference call, Juniper executives said they expected Q2 revenues would be "flat to slightly higher."

Juniper is Cisco's closest competitor in the high-end router market. ®

Related Stories

War hits beleaguered networking sector
UK broadband users follow 'communist doctrine'
Juniper goes for wireless LAN sweet spot
One in ten workers squeezed out at Juniper
Juniper unveils monster router

External Links

Juniper's results

Sponsored: Designing and building an open ITOA architecture