Feeds

Juniper Networks gets its Q2 profit back

Shrubs off last year's loss

High performance access to file storage

Juniper Networks swung to a profit during the second quarter of 2007, spurred by an increase of product and service sales as companies buy more equipment to handle internet traffic. The company reported a $86.2m profit for the second quarter of 2007, compared to a $1.21bn loss in the same period last year.

The network equipment maker's revenue exceeded market expectations, reaching $664.9m, compared to a $646.9m average seen in analysts' crystal balls. Revenue grew 17 per cent from $567.5m in Q2 '06.

"We are pleased with our progress in the second quarter and first half of 2007, and we also remain fully aware of the ongoing work that lies ahead," said Juniper CEO Scott Kriens.

In Juniper's quarterly coniferous call, Kriens raised the company's annual revenue forecast slightly, to between $2.73bn to $2.76bn from its previous outlook of $2.6bn to $2.7bn. However, he warned that gross margins would slip about a percentage point from 67.4 per cent in Q2 due to sales of switches with less profitability.

The company forecasts third quarter revenue in the $695m to $715m range.

Juniper released a variety of products during the quarter, including the high end service-aware T1600 core router with 1.2Tbps of throughput to counter Cisco's CRS-1 offering.

Juniper also announced it has appointed Mike Rose, a former CIO of Royal Dutch Shell, to its board of directors.®

High performance access to file storage

More from The Register

next story
Seagate brings out 6TB HDD, did not need NO STEENKIN' SHINGLES
Or helium filling either, according to reports
European Court of Justice rips up Data Retention Directive
Rules 'interfering' measure to be 'invalid'
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
Bored with trading oil and gold? Why not flog some CLOUD servers?
Chicago Mercantile Exchange plans cloud spot exchange
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
IT bods: How long does it take YOU to train up on new tech?
I'll leave my arrays to do the hard work, if you don't mind
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.