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A 61per cent surge in sales of network components and security products enabled Juniper Networks, the world's second-largest internet equipment maker, to swing to a second-quarter profit.
Juniper, which makes gear that directs traffic over the internet and corporate networks, reported said a second quarter net profit was $89m, or 15 cents per share, compared with a net loss of $12.6m, or 2 cents per share, in the same period a year ago. The results last year reflected Juniper's acquisition of network security company NetScreen Technologies.
Revenues were $493m compared with $306.9m a year ago and earnings not including items was 18 cents per share. On that basis, analysts were expecting Juniper to earn 17 cents per share on sales of $475.1m.
For the current third quarter, Juniper forecast revenue of $525m-$530m, topping Wall Street expectations of $496m. Earnings, excluding items, were seen at 18 cents per share in the quarter, in-line with analyst expectations.
Shares in Juniper were trading down almost 4 per cent at $25.53 after hours after closing at $26.53 in New York on Tuesday night.