Juniper Networks (NYSE: JNPR) started out on a happy note in 2011 as Q4 revenues benefited from a boost in service provider sales.
This was a welcome improvement over Juniper's Q3 2010 results, which were affected by a backlog of incomplete service provider switching and routing orders.
During the quarter, Juniper reported that revenue rose 26 percent to $1.19 billion, beating Wall Street analyst's average forecast of $1.12 billion. Likewise, quarterly profit increased from $22.9 million, or 4 cents a share, up from Q4 2009 to $190.2 million, or 35 cents per share.
In the service provider arena, Juniper reported $2.6 billion in service provider sales, up from 2.1 billion in Q4 2009.
From a regional perspective, North America led the revenue charge with $580 million, followed by EMEA (Europe Middle East and Africa) with $359 million and finally Asia-Pacific with $250 million, respectively.
Looking at Q1 2011, Juniper forecasts revenue to be between $1.06 billion to $1.11, which reflect analysts' $1.09 billion forecast. First-quarter profit, however, fell slightly short of analyst expectations of 34 cents a share.
For more:
- see the earnings release
- Reuters has this article
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