Juniper Reports 2Q15 Revenue of $1.2 Billion
CEO Rami Rahim continues to see opportunities in SDN, NFV and in security
Juniper reported second quarter fiscal 2015 financial results on July 23, as the networking vendor continues to position itself for growth.
For the quarter, net revenue was reported at $1.2 billion, for a one percent year-over-year decline. Net income was reported at $158 million for a 29 percent year-over-year decline.
Juniper CEO Rami Rahim commented on his company's earnings call that during the quarter Juniper announced new additions to the QFX5100 product family of datacenter switching, as well as the ultracompact three terabits per second PTX 1000 core router.
"We also introduced enhancements to the SRX which make it the industry's fastest firewall that will enable our customers to secure their cloud network without slowing them down," Rahim said.
Specifically in security, Rahim said that he's pleased with Juniper's security product revenue growth of 15 percent sequentially and 12 percent year-over-year. That said, he commented that there is still a lot of hard work for Juniper to stabilize the security element of the business.
"I continue to expect 2016 to be the year of growth for us in security, and I expect it to be a bit bumpy as we get there," Rahim said. "Juniper's integrated network security strategy enables us to be a strong provider of secure network, and we remain confident we can win."
When it comes to Software Defined Networking (SDN) and Network Function Virtualization (NFV), Rahim said that those topics are definitely part of pretty much every strategic discussion with both service provider and enterprise customers.
"Right now it's very much an architectural discussion of what needs to evolve within the service provider network locations, what we call central offices or PoPs as to set their infrastructure up, in order to be capable of delivering next generation services using NFV," Rahim said.
Another area of growth is in the continued migration of carriers from 10 GbE up to 100 GbE, where Rahim sees Juniper as holding a strategic advantage.
"Cloud providers for example, love the fact that in our security portfolio, the high end SRX actually supports 100 gig interfaces to connect their clouds to the wide area network," Rahim said. "When it comes to 100 gig interfaces on a firewall, we're the only game in town."
Sean Michael Kerner is a senior editor at Enterprise Networking Planet and InternetNews.com. Follow him on Twitter @TechJournalist