Cloud vertical revenues rose 25%
US-based (SPY) technology (QQQ) company Juniper Networks (JNPR) views the transition to cloud as one of the key trends impacting the communications equipment industry. Customers across business verticals and industries are moving toward a cloud service delivery model, which Juniper is looking to tap.
Juniper Networks’ revenues in its cloud vertical rose 25% YoY (year-over-year) in 1Q17. The cloud vertical also accounts for ~24.0% of Juniper’s revenues.
In January 2017, JNPR announced the Juniper Unite Cloud, which the company describes as a “transformative data center solution that gives enterprises a simplified way to create and manage hybrid multicloud environments.”
The company noted that the Unite Cloud provides a secure platform and reduces the cost of ownership, which positively impacts the return on investments for customers.
In March 2017, Juniper Networks launched its DCI[1. data center interconnect] solution, Open Cloud Interconnect. This solution leverages the company’s expertise in packet and optical domains, which enables network operators to fast-track cloud service delivery.
In June 2016, Juniper Networks announced the Juniper Networks Cloud-Enabled Branch. The company stated that although companies are realizing the benefits of private, public, and hybrid cloud models, they lack a comprehensive solution suite to deploy these services. The company noted that its cloud-enabled branch service could help transform enterprise operations with new services and applications.