Juniper records profitable Q2

Juniper this week posted 61 percent increase in second quarter revenue and a profit of US$89 million.

Revenue was US$493 million for the quarter. Earnings reversed a US$12.6 million GAAP loss for the same period a year ago, but were 2 cents per share shy of analyst expectations, according to Thomson First Call.

Non-GAAP net income, which includes charges and other expenses, was US$104.3 million compared with non-GAAP net income of US$42.7 million in the second quarter of 2004.

"We had another strong quarter of growth," said Juniper CEO Scott Kriens during a quarterly conference call. Kriens said requirements for traffic processing infrastructure drove the quarter.

Siemens was the largest contributor to Juniper's revenue, responsible for more than 10 percent of sales for the three-month period.

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