Feeds

Juniper needles way to recovery

Berries 2009 revenue slump in Q4

Remote control for virtualized desktops

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. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
prev story

Whitepapers

Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
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.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
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.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.