Juniper quarterly profit rises nearly six-fold
Oct 22 (Reuters) - Juniper Networks Inc reported a nearly six-fold rise in quarterly profit due to a rebound in demand for network equipment from telecom service providers.
Net income rose to $99 million, or 19 cents per share, in the third quarter, from $17 million, or 3 cents per share, a year earlier.
Excluding items, the company earned 33 cents per share.
Revenue rose 6 percent to $1.19 billion.
Juniper supplies routers and switches to telecom companies such as Verizon Communications Inc and AT&T Inc.