Juniper Networks, Inc. Reports Q1'06 Financial Results
Q1'06 Net Revenue of $566.7M, up 26% from Q1'05; GAAP EPS $0.13; Non-GAAP EPS up 20% to $0.19 from Q1'05
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- Juniper continued to support its service provider customers as they transition to Next Generation Network infrastructures. China Telecom Shanghai and Cox Communications, for example, chose the T-series to provide the performance, reliability and scale to support the build-outs of their core IP infrastructures, while BT is deploying Juniper at both the core and the edge of its 21st Century Network. IPTV continued to drive demand for Juniper products. Working side by side with its partner, Siemens, Juniper garnered wins at T-Com and Fastweb in Europe. In addition, Juniper remains the sole sourced provider for the world's largest IPTV network, PCCW. Juniper was also chosen by Germany's leading TV station, RTL, to ensure quality of service and scalability for live broadcast content, via the M-series, multi-service edge router.
- On the enterprise side Juniper saw solid demand across the portfolio. Sharper Image, for example is deploying Juniper's Firewall/IPSec VPNs, SSL VPNs and WX appliances as it redesigns its network to increase performance, security and meet government mandates. Other key wins include Sara Lee, Canada's Globe and Mail, Daimler Chrysler, the North Atlantic Treaty Organization (NATO), which is securing its global network with Juniper's IDP solutions and the US Air force.
- Juniper's innovation engine continued this quarter with the delivery of the Secure Services Gateway (SSG), a new line of high performance firewall/VPN platforms with integrated local-area and wide-area interfaces. Strong customer traction has validated Juniper's strategy of delivering integrated branch solutions with no compromise between security and performance.