ジュニパーネットワークスは第2四半期のリバウンドを継続し、「隆起した」クラウドセールスを予測
第2四半期の売上高は11億ドルで、前四半期から10％増加しました。力強い連続成長への回帰にもかかわらず、収益は前年同期比で8％減少しました。Steady software and flat cloud sales bolstered Juniper Networks’ rebound in the second quarter of 2019. Juniper CEO Rami Rahim expressed optimism about the company’s prospects in the second half of the year but warned cloud sales would likely remain “lumpy” going forward.
“We experienced sequential growth across all verticals and technologies with a notable sequential improvement in our cloud vertical, which stabilized on a year-over-year basis,” he said, according to a transcript. “We are seeing healthy momentum in several areas of our business, which is providing confidence in our ability to not only deliver sequential revenue growth through the remainder of the year but also a return to year-over-year revenue growth during the December quarter.”
During the company’s second-quarter earnings call on Thursday, Rahim touted Juniper’s successful transition from MX routers to PTX routers and announced the company’s 400GbE capable products had begun shipping to merchants.
“We plan to introduce additional 400-gig capable products through the course of this year and next,” he said.
Juniper ended Q2 with $1.1 billion in revenue, toward the midpoint of its guidance and up 10% from the last quarter. Despite a return to strong quarter-to-quarter growth, revenues for the company were down 8% year over year.
Juniper’s software business remained one of its strongest assets in the second quarter with revenues up 17% year over year — accounting for more than 10% perfect of the company’s revenue in the June quarter.
The company’s services business, which now accounts for 35% of overall revenues, saw a modest 2% increase year over year.
Following this trend, the company saw a turnaround on service provider revenue, which was up 3% in the second quarter. While promising, Juniper’s service provider business remains a pain point for the company with revenues down 15% year over year.
Despite these challenges, Rahim expects Juniper’s service provider business to continue to rebound in the second half of the year aided by the availability of new MX 5G line cards, the continued strength of the Contrail orchestration platform and the company’s partnership with Ericsson.
Routing and switching products told a similar story with sequential revenues respectively up 11% and 22% from last quarter but down about 15% year over year.
In the enterprise space, Juniper saw revenues decline 6% year over year. However, according to Rahim, this was largely an issue of timing.
Juniper tempered its guidance for the quarter ending Sept. 30, with revenues expected to remain somewhat flat at between $1.11 billion and $1.17 billion and forecast adjusted earnings per share of 0.43 cents to 0.49 cents.
According to CFO Kem Miller, higher-than-anticipated taxes and an increase in Chinese tariffs from 10% to 25% aren’t helping.
Juniper’s second-quarter performance and third-quarter guidance were in line with prior expectations despite taking a hit to profitability due to higher taxes and tariffs according to a research note from Jefferies.
