Juniper Networks' July 2011 Updates (iiNet,Iyer,Garvin,Muglia,Second Quarter 2011 Financial Results)

From Juniper Networks Global.

1.) iiNet Pioneers 100GbE with New Juniper Networks Backbone

July 07, 2011, Juniper Networks announced that its routers are being used by iiNet (ASX: IIN), a leading Australian DSL Internet service provider. iiNet migrated its backbone to Juniper Networks® T1600 Core Routers at the beginning of this year and started a two-month trial of Juniper's 100GbE interface cards in May — the first 100GbE deployment in the Asia Pacific market.

Check out details.

2.) Juniper Networks Makes Key Appointments to Operations Team

On July 8, 2011, Bask Iyer has been appointed as senior vice president and chief information officer (CIO) and Martin J. Garvin has been appointed senior vice president of manufacturing operations.

Iyer held a variety of roles during his 11 year tenure at Honeywell. He led the transformation program for all global functions, including information technology, finance, human resources, real estate and procurement. Iyer's other roles included CIO for Honeywell Transportation Systems and general manager for Asia Pacific. Prior to that, Iyer was with GlaxoSmithKline? Beecham for five years as CIO for Consumer Healthcare R&D. He has also held senior positions at Johnson & Johnson and CTS Corporation. Iyer holds a master's degree in computer science from the Florida Institute of Technology and a bachelor's degree in mechanical engineering from Annamalai University in India.

Garvin brings nearly 30 years of procurement, operations and supply chain management experience to Juniper Networks. Recently, he spent 11 years at Dell, first as vice president of global procurement and then as senior vice president and chief procurement officer. Garvin also managed all outsourced manufacturing through ODM and EMS providers and was accountable for cost, quality, capacity planning and fulfillment. Before Dell, he held leadership positions at NetEdge? Systems, Logitech, Sun Microsystems and Hewlett-Packard. Garvin earned an MBA and a bachelor's degree in biological sciences from San Jose State University.

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3.) Juniper Networks Names Robert Muglia Executive Vice President of Software

July 25, 2011, Juniper Networks announced that Robert Muglia will be joining the company as executive vice president of the Software Solutions Division. In this newly created role, Muglia will oversee the company's end-to-end software strategy and lead the newly formed Software Solutions Division. He joins the company from Microsoft (NASDAQ: MSFT) and will report directly to Juniper CEO Kevin Johnson.

Over the past 23 years, Muglia has served in leadership positions across all of Microsoft's business groups, including Developer, Office, Mobile Devices, Windows NT and Online Services. Most recently, Muglia served as president of Microsoft's $15 billion Server and Tools Business (STB), where he was responsible for infrastructure software, developer tools and cloud platforms, including products such as Windows Server, SQL Server, Visual Studio, System Center and the Windows Azure Platform. During his tenure leading STB, revenues increased by 50 percent.

Check out details.

4.) Juniper Networks Reports Preliminary Second Quarter 2011 Financial Results

July 26, 2011, Juniper Networks reported preliminary financial results for the three and six months ended June 30, 2011, and provided its outlook for the three months ending September 30, 2011.
  • Revenue: $1,120.5 million, up 15% from Q2'10 and up 2% from Q1'11
  • Operating Margin: 15.3% GAAP; 21.6% non-GAAP
  • GAAP Net Income Per Share: $0.21 diluted
  • Non-GAAP Net Income Per Share: $0.31 diluted, up 3% from Q2'10 and down 3% from Q1'11
Check out details.

More on Juniper Networks


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