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Juniper revenue up, but profit slips for Q3

A cloudy forecast points towards a flattish Q4

By Richard Chirgwin, 26 Oct 2016

Juniper's turned in a Q3 2016 quarter revenue of US$1.285 billion, up 3 per cent on the same period last year, but with GAAP profits down by 13 per cent to $172.4 million.

CEO Rami Rahim picked out some bright spots in the numbers, saying that the cloud business has become the company's primary driver.

Routing rose 3 per cent year-on-year to $620 million, with cloud and cable providers offsetting falls in government and telco sales. Its PTX routers recorded record results, while the older MX routers declined year-on-year.

Switching ran even better, up 10 per cent year-on-year to $220 million, with cloud and cable again the engine-room of growth, offsetting a fall in sales to enterprise customers. The QFX data centre products added 50 per cent year-on-year.

Security was a disappointing segment, dropping 29 per cent to $86 million.

Services rose 10 per cent to $357 million.

A 5 per cent fall in the Europe, Middle East and Africa market to $338 million was easily offset by much better performance in the Americas (up 5 per cent year-on-year to $745 million) and the Asia Pacific (up 12 per cent year-on-year to $202 million, with Japan and Australia dragging the result down).

Asia Pacific growth drove the company's service provider business, which globally was up by 6 per cent to $854 million. Total enterprise sales fell by 3 per cent to $431 million, with only the Americas showing growth.

The full results announcement is here. ®

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