By Lehar Maan and Sampad Patnaik
(Reuters) - Network gear maker Juniper Networks Inc
U.S. consumers will download and upload more data on their smartphones in 2018 than they did on their laptops in 2013, according to a February report by Cisco Systems Inc
Juniper's revenue from telecom customers, including Verizon Communications Inc
The telecom services business accounted for more than two-thirds of Juniper's total revenue.
Separately, AT&T said on Tuesday that it was adding Juniper as a supplier for its cloud network expansion program.
Juniper forecast an adjusted profit of 36-39 cents per share and revenue of $1.20 billion-$1.23 billion for the second quarter ending June 30.
Analysts on average were expecting a profit of 36 cents per share on revenue of $1.21 billion, according to Thomson Reuters
I/B/E/S.
Juniper, which has been under pressure from investors Elliott Management Corp and Jana Partners LLC to focus on its fast-growing networking business, said in February that it would cut $160 million in costs annually.
Earlier this month, Juniper said it would reduce its workforce by 6 percent as part of the plan.
MKM Partners analyst Michael Genovese said there was a possibility the company could announce further job cuts.
"I don't think they have done all the cuts they need to do to get to $160 million in savings," he said. "I think there will be (further) small cuts ... maybe 2 percent (of workforce) as they really get out of some of the lower-end products."
Juniper's net income rose to $110.6 million, or 22 cents per share, in the first quarter from $91.0 million, or 18 cents per share, a year earlier.
Revenue rose 10.4 percent to $1.17 billion.
Excluding items, the company earned 29 cents per share. Juniper took a restructuring charge of $122 million in the quarter.
Analysts on average had expected a profit of 29 cents per share on revenue of $1.15 billion.
The company bought back shares worth $900 million in the first quarter as part of a program to repurchase stock worth $3 billion over three years.
Juniper's shares were little changed in extended trading. The stock, which has risen about 15 percent this year, closed at $25.89 on the New York Stock Exchange on Tuesday.
(Editing by Kirti Pandey)