GO
Loading...

Juniper quarterly profit rises nearly six-fold

Tuesday, 22 Oct 2013 | 4:16 PM ET

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.

  Price   Change %Change
JNPR
---
VZ
---
T
---