According to market research firm IDC (International Data Corporation), Cisco Systems’ (CSCO) revenues in the Ethernet switching market fell 2.8% YoY (year-over-year) in 4Q16. Its market share was 55.6% compared to 57.0% in 3Q16 and 59.1% in 4Q15.
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HPE’s Ethernet switch revenues fell 2.2% YoY in 4Q16. The company has a market share of 5.0% compared to 5.5% in 3Q16. Huawei’s revenues rose 67.8% YoY in 4Q16 with a market share of 9.9%. Juniper’s Switching revenues rose 2.9% YoY. According to IDC, the worldwide Ethernet switch market rose 3.5% YoY in 4Q16 to $6.7 billion.
Juniper Networks’ Switching revenue rose 12.0% YoY (year-over-year) in fiscal 2016 to $858.0 million, from $768.3 million in fiscal 2015. Revenue rose 7.0% YoY in fiscal 2015. Switching revenue in 4Q16 rose 19.0% YoY and 13.0% QoQ (quarter-over-quarter) to $251.0 million, primarily driven by cloud providers and offset by a decline in enterprise.
In 4Q16, Juniper Networks’ QFX product grew 90.0% YoY. In 1Q16, the company introduced the QFX 10008 spine switch and stated that customers will get a “complete and compelling solution for the cloud.”
Juniper Networks’ revenue growth in its Switching segment outpaced industry growth of 3.5% in 4Q16.