Tuesday, October 23, 2012

Juniper Sees Revenue Growth in Q3, PTX Customers

Juniper Networks reported net revenues for Q3 2012 increased 4% sequentially, and increased 1% on a year-over-year basis, to $1,118 million. GAAP net income was $17 million, or $0.03 per diluted share for the third quarter. The GAAP diluted income per share includes $0.16 impact from restructuring and other charges. Non-GAAP net income was $118 million, or $0.22 per diluted share, for the third quarter of 2012, up 16% sequentially but down 21% compared to last year.

"Juniper delivered top line revenue growth in the third quarter as we focus on excellence in execution throughout our business," said Kevin Johnson, chief executive officer of Juniper Networks.

In a conference call, juniper executives said its service provider business so healthy performance in the U.S. market and good performance in Europe and Asia PAC.  The company said customer engagements around its core networking products are underway and that interest in the T4000 core routers and PTX platform is strong with more than 15 customers.  Juniper noted recent wins for its Qfabric including with the University of Frankfurt and a financial firm in China.  While the Service Provider segment is growing (up 4% sequentially) the company saw a decline in enterprise sales in the U.S. market.

Company Ceo Kevin Johnson also said its software defined networking is a major opportunity for Juniper.  The company expects to have OpenFlow running on its MX and EX routers as well as its Qfabric data centre platform next year.

Juniper ended Q3 with 9584 employees, not including in recent layoff.


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