Juniper cites 'mixed signals' as results disappoint

Summary:The networking company has reported disappointing second-quarter results, although it saw strong demand in the areas of mobile internet and cloud computing

Juniper reported disappointing second-quarter results on Tuesday and cited "mixed signals in the macro economy" as a problem.

The company reported second-quarter earnings of $115.6m (£70.4m) on revenue of $1.12bn, up 15 percent from a year ago. Non-GAAP earnings were 31 cents a share. Wall Street analysts were expecting earnings of 33 cents a share on revenue of $1.15bn.

Chief financial officer Robyn Denholm said that the company "saw some moderation in certain areas of the business". Meanwhile, chief executive Kevin Johnson cited "mixed signals in the macro economy". "The market trends of mobile internet and cloud computing are strong and continue to drive demand. On a global basis, more people and businesses are connecting to the network and consuming more digital content," Johnson said on a conference call.

For more on this ZDNet UK-selected story, see Juniper's Q2, outlook disappoint amid mixed economic signals on ZDNet.com.


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Topics: Tech Industry

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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