What’s driving growth at network vendor Juniper? Better-than-expected sales of its MX 3D routing platform, for one. Also a boon to the company’s $1.01 billion in third-quarter revenues was the EX switching division.
Looking ahead, Juniper has big plans to expand its routing and switching businesses by cultivating strategic partnerships with key vendors, including IBM and Dell. Enterprise Networking Planet takes a look.
Juniper Networks (NYSE: JNPR) reported its third quarter fiscal 2010 earnings this week, hitting a new revenue milestone as technologies including 100 gigabit Ethernet and its Junos Trio chipset entered the market.
For the quarter, Juniper reported revenues of $1.01 billion, an increase of 23 percent over the third quarter of 2009. Wall Street had expected revenue to come in at $1.02 billion, according to Thomson Reuters, which is also the amount that Juniper had provided for guidance during its second quarter analyst call. Net income for the third quarter was reported at $134.5 million, or $0.25 per share.