Arista Networks (NYSE: ANET) reported Q2 EPS of $0.35, $0.22 better than the analyst estimate of $0.13. Revenue for the quarter came in at $137.9 million versus the consensus estimate of $125.26 million.

Arista Networks sees Q3 2014 revenue of $142-160 million, versus the consensus of $133.91 million.

“I’m pleased with our performance in Q2 2014 as we increased to 2,700 customers this quarter,” stated Jayshree Ullal, Arista President and CEO. “We saw good balance across our top four verticals, as customers adopted our new Arista 7000 Spine and Spline products for cloud networking innovation and reduced total cost of ownership (TCO).”

Commenting on the company's financial results, Kelyn Brannon, CFO of Arista Networks, said, "Our non-GAAP net income rose by 92.5% in the second quarter, compared with the same quarter of the prior year. We also saw solid revenue growth while maintaining our gross margin and operating margin. During Q2, we also generated cash flow from operations of $46.3 million and we ended the quarter with approximately $397.2 million in cash and cash equivalents, including net proceeds of $238.7 million from our IPO in June 2014."

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