In announcing its Q1 earnings yesterday Juniper company executives were delighted about the company’s returns on its cloud computing directions.
In the results conference call Juniper CEO Rami Rahim said cloud computing sales grew 25% year-over-year and noted that four of the company’s top 10 accounts were cloud-related. Specifically, the cloud vertical earned $331.6 million in the first quarter, over $264.8 million a year ago.
“As the industry evolves, cloud architectures are no longer the exclusive domain of the cloud providers. Customers across all verticals are developing strategies for moving to cloud service delivery models and this aligns with our strategy to power the cloud transformation,” Rahim said [Seeking Alpha has a full transcript of the call here]. “The cloud is a massive paradigm shift that is reshaping all industries, and I'm excited about the opportunity we have in front of us.”