Juniper Networks’ revenues were up 3% year-over-year and down 7% sequentially, the company reported in preliminary results for the first quarter of 2013.
Juniper had revenues of $1.06 million, and its operating margin for the quarter increased to 8.2% year-over-year from 4.6%. Net income was $91 million.
According to CEO Kevin Johnson, the quarter reflected “modest year-on-year growth driven by renewed demand from service providers and offset slightly by softness in enterprise sectors, including federal and financial services. We are seeing increased momentum with our new product offerings as we continue our strategy of innovating in the domain of high-performance networking,” he added.
Juniper projected that it will continue to see a soft market in the June quarter in the enterprise customer market, and the revenues for the next quarter will see continued modest growth in the range of $1.07-$1.1 million.
F5 Networks reported earnings that reflected previous warnings from the company on the state of the market, with revenue of $350.2 million, which was up 3% year-over-year but down 4% from the previous quarter.
Net income for the F5’s second quarter was $63.4 million, compared with $69.5 million in its first fiscal quarter and $68.6 million during the same period last year.
John McAdam, president and CEO of F5, said that the numbers were “primarily due to project delays, which caused customers to postpone orders that we had expected to close during the quarter. The weakness in sales to service providers was especially pronounced in North America.”
McAdam added that sales to the federal government were below the company’s forecast due to uncertainty over sequestration and attempts to reduce federal spending. He also said that business remained fairly strong among enterprise customers.
