Juniper Networks said its revenue fell 8 percent to $1.204 billion with an operating margin of 13.3 percent in the second quarter of 2018.
Juniper Networks generated quarterly revenue of $523 million (–7 percent) from Service Provider, $401 million (+9 percent) from Enterprise and $280 million (–26 percent) from Cloud business clients.
Technology companies such as Cisco, HPE, Oracle, Dell EMC, Huawei, Lenovo, Nokia, among others, compete with Juniper Networks in the enterprise and telecom networking space.
The US-based Juniper Networks generated revenue of $676 million (–16 percent) from Americas, $309 million (+7 percent) from EMEA and $219 million (flat year-over-year) from Asia Pacific including India, China and Japan.
Juniper Networks generated Q2 revenue of $491 million (–14 percent) from routing product,
$255 million (–8 percent) from switching product, $79 million (+16 percent) from security product, and $379 million (–3 percent) from service business.
The top 10 customers for the quarter include: six from Cloud, three from Service Provider, and one from Enterprise, Juniper Networks said.
Rami Rahim, chief executive officer of Juniper Networks, said: “While the timing of deployments is impacting our Q3 outlook, we remain confident the business will return to year-over-year growth during Q4 and that we have the right solution portfolio and strategy to drive sustained longer-term success.”