Juniper's Revenue Rises As Telecom Clients Ramp Up Networks

Network gear maker Juniper Networks Inc reported a higher-than-expected 10 percent rise in quarterly revenue as U.S. telecom carriers spent more to ramp up their networks to manage increasing data traffic on smartphones and tablets. Juniper's revenue from telecom customers, including Verizon Communications Inc and AT&T Inc,rose about 10 percent in the first quarter ended March 31.The telecom services business accounted for more than two-thirds of Juniper's total revenue.

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