Arista Networks (NYSE: ANET) reported Q1 EPS of $2.02, $0.21 better than the analyst estimate of $1.81. Revenue for the quarter came in at $523 million versus the consensus estimate of $517.86 million.

"Arista delivered solid Q1 2020 financial results despite the global pandemic that we all are experiencing. We are committed to our employees’ safety while bringing value to our customers, shareholders and community in these unpredictable times and believe we will emerge stronger in the long term,” stated Jayshree Ullal, Arista’s President and CEO.

Commenting on the company's financial results, Ita Brennan, Arista’s CFO, said, “We are pleased with our business execution in the quarter, with the majority of our team effectively working from home, yet continuing to engage productively with our customers, supply chain and other partners.”

GUIDANCE:

Arista Networks sees Q2 2020 revenue of $520-540 million, versus the consensus of $542.46 million.

For earnings history and earnings-related data on Arista Networks (ANET) click here.