Juniper Networks is the latest vendor to hail improved visibility in its business as it posted a sequential rise in revenue and profits.
Revenue for the third quarter fell 13 per cent year on year to $823.9m (£502m) but were up five per cent on the $786.4m logged in Q2. Net profit on a GAAP basis hit $83.8m, which was also down annually but up sequentially.
Kevin Johnson, chief executive at Juniper, claimed that more customers were embracing JUNOS, its integrated routing, switching and security platform.
He added: “Juniper is driving execution and gaining momentum at a time when visibility in key areas of our business is beginning to improve.”
Operating margin stood at 15.5 per cent, down from 21.3 per cent a year ago but up from 12.2 per cent in Q2.
Robyn Denholm, Juniper's chief financial officer, said: “Juniper delivered solid results that featured sequential growth in our service provider and enterprise markets, as well as improved operating margins and good cash from operations.”
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