Feeds

Juniper needles way to recovery

Berries 2009 revenue slump in Q4

Combat fraud and increase customer satisfaction

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. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
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.
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.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.