Wednesday, July 18, 2007

Juniper's Q2 Revenue Rises 17% to $665 Million

Juniper Networks reported Q2 2007 revenue of $664.9 million, compared with $567.5 million for the second quarter of 2006, an increase of 17 percent. Net income on a GAAP basis for the second quarter of 2007 was $86.2 million or $0.15 per share, compared with a GAAP net loss of $1,206.5 million or $2.13 per share for the second quarter of 2006.

"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 Scott Kriens, Juniper Networks' Chairman and CEO. "As we continue to focus intently on execution across the company, we're optimistic about the feedback we're receiving from customers and the opportunities we see in the marketplace for high-performance networking."

Juniper Networks cited strength in core networking, where its T-series and TX Matrix continued to gain momentum. During the quarter, the company announced the expansion of China Telecom Shanghai's next generation network with the TX matrix and T640 core routers to support the growth of IPTV and multiplay applications. Japan's National Institute for Informatics (NII), the country's largest and most advanced academic research institution, upgraded its nationwide SINET3 next generation network with Juniper Networks T-series routers. In addition, Bayanant Al-oula, a new service provider based in the Kingdom of Saudi Arabia, selected Juniper Networks M- and T-series routers for the build-out of its new IP/MPLS-based next generation network.