Juniper CFO Sounds Upbeat
The VAR Guy is resting a little easier today. Weak financial results from Intel earlier this week had our resident blogger wondering if IT spending was heading for a slowdown. But upbeat comments from Juniper’s CFO — following reasonably good comments from Cisco Systems’ CEO — are proving The VAR Guy with some much needed peace of mind about tech spending.
Juniper CFO Robyn Denholm said today that her company was targeting annual revenue growth of 20 percent for the long term, according to Reuters. Her statements come a few days after Cisco CEO John Chambers said he’s comfortable with the company’s growth targets this year.
Some segments of the IT market certainly remain super-hot, with companies like Salesforce.com generating record financial results. But it’s good to hear upbeat — or at least relatively optimistic — comments from larger, more mature companies like Cisco and Juniper.