Arista Networks (ANET) Tops Q1 EPS by 8c

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Go back to Arista Networks (ANET) Tops Q1 EPS by 8c

Arista Networks, Inc. Reports First Quarter 2016 Financial Results

May 5, 2016 4:06 PM EDT

Cloud Networking Adoption Drives Revenue and EPS

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Arista Networks, Inc. (NYSE: ANET), an industry leader in software-driven cloud networking solutions for large data center and computing environments, today announced financial results for its first quarter ended March 31, 2016.

First Quarter Financial Highlights

Revenue of $242.2 million, a decrease of 1.3% compared to the fourth quarter of 2015, and an increase of 35.3% from the first quarter of 2015. Non-GAAP gross margin of 64.4%, compared to non-GAAP gross margin of 64.0% in the... More