Networking equipment stalwart Juniper Networks this afternoon reported Q1 revenue and profit that topped Wall Street's expectations, and projected this quarter higher as well, even though its business is being affected by the global chip shortage, it said. In a separate "commentary" document, CFO Ken Miller, the chip shortages are going to last a few quarters, though the company has enough chips to get by for this year's planned business: There is a worldwide shortage of semiconductors impacting many industries. Similar to others, we are experiencing ongoing supply constraints which have resulted in extended lead times. We have invested to strengthen our supply chain and have increased inventory levels over the course of the last year. We continue to work closely with our suppliers to further enhance our resiliency and mitigate recent disruptions outside of our control.
Apr-27-2021, 23:02:38 GMT