Juniper Networks reported first quarter fiscal 2012 earnings late Tuesday that exceeded expectations.
First quarter revenue was reported at $1.03 Billion, which is a 6 percent year-over-year decline. Juniper had forecast revenues to come in between $960 million and $990 million. Net Income was reported at $1.5 million or $0.03 per share.
Moving forward, Juniper provided second quarter guidance for revenues to range from $1.03 billion to $1.06 billion.
Juniper is also pushing its QFabric technology vision for flatter networks that have lower latency. QFabric was first unveiled in February of 2011 and is now seeing its first production deployments. To date, Juniper has gained over 150 customers for QFabric for deployment of the new fabric.
While QFabric is key focus for Juniper, its debut is coming at a time when the networking industry as a whole, has begun to embrace the concept of Software Defined Networking and programmable networks. It’s a concept that isn’t necessarily competitive with what Juniper is doing with QFabric.
“We don’t see that there’s a choice between SDN or QFabric,” Stefan Dyckerhoff – Executive Vice President and General Manager of The Platform Systems Group at Juniper, said during the company’s earning call. “QFabric is part of our new network strategy, and programmability is always going to be at the forefront of that strategy and SDN shares some of those goals.”