Feeds

Juniper needles way to recovery

Berries 2009 revenue slump in Q4

The essential guide to IT transformation

Juniper Networks saw a slight drop in fourth-quarter profit, but the network kit maker unexpectedly topped its own estimates for revenue thanks to renewed spending from corporate customers and US phone carriers.

The world's second-largest network kit maker is also optimistic for a rebound from 2009, which saw profits for most tech companies drop as businesses tightened purse strings in the economic downturn.

"We will see improving conditions in 2010 and are positioning Juniper to accelerate out of the downturn," said Juniper's CEO Kevin Johnson in a statement.

During a conference call with analysts and reporters on Thursday, chief financial officer Robyn Denholm said she was "pleasantly surprised" with the ramping up of its service provider business, particularly in the US. She added that growth is expected to continue in the new year — but offered a cautious forecast for its first quarter earnings, which is historically a slow period for sales.

Juniper posted Q4 adjusted net income of $131m for the three months ended December 31, 2009, a dip from $132.5m for the same period last year.

Net sales for Q4 were $941.5m, an increase from the $941.5m in generated last year. That far exceed Junipers own forecast from October, which ranged from $860m to $895m. Most analysts had also expected revenue to fall to $884.8m, according to a Thomson Reuters poll.

On the whole, 2009 wasn't kind on the firm. Adjusted net income was $225.1m in 2009, down from $511.7m in 2008.

Revenue was $3.32bn for the year, a 7 per cent drop from $3.57bn compared to 2008.

Denholm told analysts that she's "very pleased" with the ongoing OEM deal Juniper struck with Dell in October 2009 and that they should expect the vendor to begin selling branded versions of Juniper's networking gear some time in Q2.

Juniper's upswing in its fourth quarter 2009 sets the bar for industry leader and IT bellwether, Cisco Systems, which reports its own earnings next Wednesday. Cisco CEO John Chambers is also a financial sector crowd favorite for his willingness to dive deep into his crystal ball and wax technology market health predictions. ®

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.