New Product Releases Pay Off for Juniper in Q1

Is it safe to say the tech sector is in recovery? Not only are the component makers doing well, so are the vendors that make expensive end-user products, like Juniper Networks. The networking equipment provider did better than expected in the first calendar quarter of the year on the strength of new networking gear introductions, a good indicator that perhaps IT shops are ready to start buying. Enterprise Networking Planet breaks down the numbers.

Juniper Networks (NYSE: JNPR) is growing its revenues on the backs of new networking platforms for both service providers and enterprise IT customers.

This week, Juniper reported its first-quarter 2010 financial results, showing traction for its switching, routing and service gateway platforms as prospects for future growth continue. Juniper reported revenues of $912.6 million, a 19 percent year-over-year increase, while income came in at $163.1 million, or $0.30 per share. Wall Street had expected revenue to come in at $906 million, according to Thomson Reuters, while its earnings beat the Street’s consensus estimates by a penny after one-time charges.

Read the full story at Enterprise Networking Planet:

Juniper’s New Products Pay Off in Q1

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