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Juniper Networks plans more cost reductions on weak demand
2014-10-24 08:29:00| Telecompaper Headlines
(Telecompaper) Juniper Networks announced plans for additional cost reductions after lower-than-expected results in Q3. Amid falling demand from service providers, the company's quarterly revenues decreased 5 percent year-over-year and 8 percent sequentially to USD 1.126 billion. The operating margin improved to 15.3 percent from 12.2 a year ago, helped by a USD 15 million benefit from restructuring and other charges. Net profit also benefited from the one-time items, rising to USD 103.6 million from USD 99.1 million a year ago. Adjusted EPS of USD 0.36 was up 9 percent year-on-year and fell 10 percent compared to the second quarter of 2014. CEO Shaygan Kheradpir said the company was disappointed with the results, which reflect weaker demand particularly in the US. The company announced additional cost reductions of USD 100 million, and increased its total annualized commitment to USD 260 million, designed to lower operating expenses while improving profitability and long-term growth. The cost reductions will include a "careful management of headcount, focus on improved efficiencies and prioritization of revenue-generating projects", Juniper said. Looking ahead, the group expects the revenue environment to be "challenging". It forecast fourth-quarter revenues of USD 1.025-1.075 billion, an adjusted operating margin around 18.5 percent and adjusted EPS of USD 0.28-0.32.
Tags: cost
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Weak EU 2030 climate deal risks nearly a million jobs, warn unions
2014-10-22 14:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Nearly a million potential jobs will be lost if EU leaders fail to agree strong climate and energy targets at a summit starting on Thursday, according to the head of Europes trade union movement. Europes heads of state are set to sign a deal which, the Guardian understands, proposes a binding 40% greenhouse gas cut by 2030 and two goals which will not be binding on member states, one for a share of 27% of energy coming from renewable sources and another for a 27% improvement in energy efficiency....
Strong iPhone, Mac growth offset another weak iPad quarter at Apple
2014-10-21 02:00:00| Total Telecom industry news
Tablet sales down 13% on-year but group revenue still tops analyst expectations.
Pound falls on weak inflation figures
2014-10-14 11:43:31| BBC News | Business | UK Edition
The pound falls sharply as weak inflation figures suggest any UK rate rise remains some way off.
Tags: falls
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pound
CSX Earnings Preview: Strong Domestic Volumes Likely To Offset Weak International Shipments
2014-10-11 00:15:50| Railroads - Topix.net
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Tags: international
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