Juniper Networks reports 72% increase in profits

Juniper Networks has reported a 72% increase in net profits for the third quarter, reflecting a strong performance in its main router business.

Juniper Networks has reported a 72% increase in net profits for the third quarter, reflecting a strong performance in its main router business.

One of Cisco Systems’ main router competitors, Juniper saw net profits jump to $84.1m (£50m) from $48.8m in the same quarter last year.

Sales rose from $375m to $546m – and news of the performance saw Juniper’s share value increase by more than 3%.

The figures come after Juniper had reported tough trading for its security business earlier this year, but its performance in the router business ensured the overall performance for the third quarter was ahead of analyst expectations.

Juniper is now competing with Cisco on another front, with the recent acquisitions of companies specialising in the web and network acceleration markets. Cisco has made its own acquisitions in the same markets.

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