Juniper sees revenue rise nine per cent in Q2

Turnover up year on year and quarter on quarter for networks vendor

Juniper saw signs of strength in key networking markets push second-quarter revenue up nine per cent from the first quarter of 2013.

The routing and switching specialist has reported revenue of $1.1bn (£0.7bn), up nine per cent from Q1 and up seven per cent from Q2 a year ago, in its preliminary financial results for the three months ending 30 June.

Operating margins also rose 3.2 points from Q1 of 2013, to 12 per cent taking GAAP into account, or 18.9 per cent non-GAAP.

Kevin Johnson, chief executive of Juniper Networks (pictured), said the results reflect the continued success of its current strategy and portfolio.

"We continue to see signs of strength in our key markets and we are confident in our routing and switching portfolio. We are also seeing early signs of improving security demand," he said.

Johnson, who recently announced his plan to retire, added that the vendor aims to differentiate its portfolio in innovative ways further to ensure it can keep the growth going through the next three months.

The vendor also noted that the first quarter of 2013 had included a tax credit for R&D. Total cash assets in the quarter rose to $3.8bn, up from $3.6bn in Q1 – but were down from Q2 of 2012's $4.3bn.

"Juniper's outlook for the September quarter reflects its expectation of good service provider demand and signs of improving enterprise demand. The company expects its routing and switching businesses to remain strong while the security business continues to stabilise," the vendor said in its announcement.

"Revenue for the third quarter ending 30 September 2013 will be in the range of $1.1bn."