InternetJuniper Touts Strong Growth, CEO Succession

The networking vendor reports growing sales and successful competition against Cisco, while its new CEO gets set to join.

Companies sometimes change CEOs to fix a problem. In the case of networking vendor Juniper Networks, the new incoming chief executive will take the helm of a company that is financially healthy and looking to grow even more. That's the message from Juniper's chairman and outgoing CEO Scott Kriens. Kriens is handing over his post to former Microsoft executive Kevin Johnson, who is set to take the helm of Juniper in September. During a conference call to discuss Juniper's second-quarter financial results on Thursday, Kriens, who will remain chairman of the board once Johnson takes over as CEO, outlined Juniper's financial performance and the role that his replacement is expected to play. For the quarter, revenues at the networking vendor hit $879 million, an increase of 6.9 percent from the previous quarter and 32 percent over the same quarter last year. RELATED ARTICLES Microsoft Veteran Takes Top Spot at Juniper Juniper, Cisco Fight for Carrier Cash Juniper Ramping Up to Take on Cisco Juniper Makes The Switch Juniper Rolls Multi-Terabit Carrier Router For more stories on this topic: On the net income side of the books, Juniper reported $120.4 million or 22 cents per share, an improvement over the $110.4 million or 20 cents per share it reported in the previous quarter. That sum is also up substantially from the $86.2 million or 16 cents per share from the second quarter of 2007. "A simple headline... [ Read more on www.internetnews.com ]

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