Dave Briggs, News Anchor, Yahoo Finance

AI-driven momentum fueling record-setting Q3

Leadership Voices Rami Rahim
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Still image shows Juniper Networks Q3 EARNINGS across the top of the page with a grid on the left-hand side showing actual vs estimate revenue of $1.41B and $1.35B and actual vs estimated adjusted EPS of $0.58 vs $0.50.  To the right of the grid is an image of Rami Rahim.  At the bottom of the screen are the words TECH TALK and YAHOO! Finance followed by JUNIPER CEO ON Q3 EARNINGS.  In the lower right hand corner there is a purple Yahool! logo followed by the words DOWNLOAD THE APP TODAY.

Rami Rahim joins Yahoo Finance Live to discuss supply chain constraints, the company's third-quarter earnings results, and self-driving networks.

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You’ll learn

  • Juniper growth rates 

  • Rami’s feeling about the market opportunity 

Who is this for?

Network Professionals Business Leaders


Dave Briggs Headshot
Dave Briggs
News Anchor, Yahoo Finance
Seana Smith Headshot
Seana Smith
New Anchor, Yahoo Finance

Guest speakers

Rami Rahim Headshot
Rami Rahim
Chief Executive Officer, Juniper Networks


0:00 foreign

0:00 [Music]

0:04 s propelling Juniper Networks to a Q3

0:08 earnings beat provider of automation Ai

0:11 and Cloud delivered and software-based

0:14 Technologies Juniper Network's CEO Rami

0:16 Rahim joining us now Rami good to see

0:18 you sir what do we learn in the quarter

0:21 well it was a great quarter we had

0:23 record revenue for the quarter record

0:26 Enterprise Revenue we had double-digit

0:28 growth rates in all of our strategic

0:30 verticals record software record ARR so

0:33 I'm delighted with the execution of the

0:35 team I think we've got some great

0:36 Technologies out there it's really

0:37 working for us I mean we take a look

0:39 over the next couple of quarters

0:41 obviously we're an environment where

0:42 some businesses are beginning to pull

0:44 back on spending are you seeing that

0:46 happen at all and what are you seeing

0:48 are you seeing any orders be canceled

0:50 yet

0:51 you know we're seeing some customers

0:53 scrutinize their budgets a little bit

0:54 more and the timing of their projects

0:56 but by and large I'm delighted with the

0:59 order momentum and the demand dynamics

1:02 that are exist in the market today uh I

1:05 think we have seen no cancellations

1:07 maybe a few push-ups uh I really do

1:10 believe that we have a very large Market

1:12 opportunity and we have a huge a very

1:15 differentiated technology solution about

1:17 AI driven operations AI driven

1:20 experience and and the ability to grow

1:23 share even in an environment where we

1:25 might see some pull back in spending but

1:27 so far we haven't really seen anything

1:29 brought me Much Ado About the Azure

1:32 Cloud numbers from yesterday what are

1:34 you seeing in the cloud space from your

1:36 own numbers

1:37 so are Cloud customers are very

1:40 important to Juniper Networks and our

1:43 Cloud business has been performing very

1:45 well over the last few years I honestly

1:47 don't pay too much attention to the

1:49 results of Any Given quarter because

1:51 generally speaking Cloud providers

1:54 business is doing exceptionally well in

1:56 the long term they will have to continue

1:58 to invest in their Network

2:00 infrastructure to keep Pace with the

2:02 insatiable demand from consumers and

2:05 Enterprises for cloud services and we

2:07 power many of the cloud networks that

2:10 are out there all of the hyperscalers

2:11 many of the tier 2 tier three Cloud

2:13 providers as well with great

2:15 Technologies for automation

2:17 Asic technologies that drive capacity

2:20 requirements for our customers so I'm

2:22 delighted with the performance that

2:23 we're seeing in the cloud space speaking

2:25 of performance we have a three-month

2:26 chart up right now but if you take a

2:27 look at how the stock has fared year to

2:29 date clearly outpacing so many of your

2:32 Rivals out there what do you think

2:33 Juniper has done to really better

2:36 position yourself than some of the major

2:38 competitors because you're all 15 but

2:41 when you compare that to some of the

2:42 massive losses that we're seeing within

2:43 the tech sector it looks pretty good

2:46 you know the future of networking is

2:48 around AI driven operations and this is

2:51 where we have performed exceptionally

2:53 well you know we saw our Enterprise

2:55 business grow double digits both from

2:58 orders and a revenue standpoint and the

3:02 magic The Secret Sauce here is our AI

3:05 capabilities that is crushing the cost

3:07 of running networks for our customers as

3:09 well as vastly improving the end user

3:12 experience of using those networks to do

3:14 practically anything today that

3:17 differentiation is working for us in the

3:19 market today better than it has in the

3:21 history of our company

3:23 the release cites a worldwide shortage

3:25 of semiconductors and other components

3:27 you also say we're experiencing ongoing

3:30 supply chain challenges can you talk

3:32 about those challenges and do you see

3:34 them improving on the horizon

3:36 we grew Revenue in Q3 19 year-over-year

3:40 which means that roughly speaking we

3:43 shipped 19 more volume of products this

3:46 quarter than we did a year ago so

3:48 clearly things are improving but they

3:52 remain challenging and in fact that

3:54 we're sitting on record backlog for the

3:57 company which means that there are a lot

3:58 of customers out there that are waiting

4:00 for their products to be shipped I do

4:02 anticipate things to start to get better

4:05 not completely normal but better next

4:08 year we're obviously working very

4:10 closely with our strategic suppliers to

4:13 understand what the Dynamics are like

4:15 and we've invested in our supply chain

4:18 to keep Pace with or as close as

4:20 possible with the demand from our

4:21 customers that's worked for us in Q3 I

4:25 expected to continue to work for us

4:26 through the rest of this year and I

4:28 think it should get better next year

4:31 um you mentioned earlier that you

4:32 haven't really seen a Slowdown at least

4:33 when it comes to some of your customers

4:35 out there in this weakening economy but

4:38 more specifically what does it mean for

4:40 your business for your growth because

4:41 here we are up against a strong dollar

4:43 rates are rising how are you adjusting

4:47 so we are in fact making sure that we

4:50 are pivoting our investments to areas of

4:53 the market that are going to be most

4:55 resilient to any sort of economic

4:57 downturn even if you don't necessarily

4:59 see anything just now you know we are in

5:01 fact looking at investing in new areas

5:04 uh in our go to market organization and

5:06 our technologies that could make us more

5:09 resilient in the event of that downturn

5:11 so for example public sector uh college

5:14 campuses Healthcare are new areas where

5:18 our Technologies are really really

5:19 suited for we just have to Pivot our

5:21 sales motion our playbooks in that

5:23 direction and I think that sets us up

5:25 for Success even in the event of a of a

5:28 downturn Rami rahima CEO of juniper

5:31 Network thanks so much for joining us

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