Juniper Networks posted a 14% year-over-year decline for its service provider revenue in Q1, mainly due to supply chain issues related to the COVID-19 pandemic. The service provider sector has been a struggle for both Juniper and Cisco over the past several earnings reports, but Juniper CEO Rami Rahim was bullish on Tuesday’s conference call.
“Importantly, our service provider orders increased 4% year-over-year in Q1 representing the first year-over-year increase since 2017,” he said. “We exited Q1 with solid bookings, so I actually expect you to see a meaningful sequential recovery.”
