View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
March 1, 2009

Juniper trims salaries to enable increased R&D spend

Enters into cloud computing partnership with IBM

By CBR Staff Writer

Network equipment maker Juniper Networks has said it will cut costs and avoid large acquisitions to tackle the tough economic conditions.

The company plans to keep operating costs flat or lower compared to last year. It said it will cut executives’ pay by 5%, with the CEO’s salary reduced by 10%, to balance lower sales with higher research spending.

Juniper said a 15% increase in R&D spending will ensure it is positioned for growth once the economy recovers. It said it is developing new cloud computing products to help users cut costs and also said it has formed a cloud computing partnership with IBM.

Last month it announced preliminary results for the fourth quarter 2008, with net income of $132.5m on revenue up 14% at $923.5m.

Juniper CEO Kevin Johnson said: Our operating assumption is that we will continue to have challenging conditions as we move forward. Some of our large customers are now budgeting on a quarterly basis versus an annual basis. He said the company would avoid large acquisitions but consider small deals that are likely to boost earnings quickly.

Content from our partners
Infosecurity Europe 2024: Rethink the power of infosecurity
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.