Juniper sees more clearly

Vendor sounding more confident about market conditions after five per cent sequential rise in revenue

Juniper's Q3 revenue rose sequentially but is still down year on year

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.”