Network equipment vendor Juniper Networks, which serves both service provider and enterprise markets, said that while service provider orders remain strong, customers are delaying delivery on gear, thus slowing down the whole buy-supply cycle in a different way. The comments came in the vendor's fourth-quarter earnings report. Juniper reported revenue of $923.5 million, up from $809 million the year before, but slightly down from the third quarter of 2008. The company's net income for the quarter reached $132.5 million, up from $122.9 million a year ago. Other vendors have reported a slowing (or lengthening, if you are so inclined) of the service provider buying cycles. Service provider capital spending also is set to decline across the board this year, though it seems many vendors are not yet seeing evidence of that.
- Light Reading has this report
Juniper Networks named Kevin Johnson CEO last summer
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