Despite concerns over geopolitical and foreign exchange headwinds, Juniper (NASDAQ: JNPR) beat expectations by $14 million and $0.04 on the top and bottom-line, respectively. Strength was broad-based across product segments, geographies, and customer verticals. Shares are reacting positively rising 3% on he day.

Revenue of $1.2 billion was up 11% year over year with Switching being particularly strong, growing 30%. Routing accounts for the bulk of the revenue and despite its size, grew an impressive 13%, Security still lags and was down year over year..

Americas (up 8% year-on-year) benefited from a strong enterprise quarter, while service provider revenue was flat as cable and telco declines offset Web 2.0 gains. EMEA showed substantial growth (up 27%), driven strong telco spending in the Middle East and Germany, on top of solid enterprise results. APAC also showed substantial growth (up 19%) from strong results in Southeast Asia and Japan.

William Blair analyst, Jason Ader, praised management for turning the company around in the last two years. He believes management "focused the product portfolio, diversified the revenue base, and right-sized the cost structure to return the company to strong profitability".

Longer term though, growth rates may slow. Jason Ader believes "it is hard to view Juniper as a sustainable double-digit top-line grower considering the maturity and intense competition of the company’s primary markets (routing and switching)". He maintained his Outperform rating .

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Shares of Juniper Networks closed at $29.76 yesterday.