Arista Networks (ANET) Tops Q1 EPS by 21c; Q2 Revs Light of Views

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Go back to Arista Networks (ANET) Tops Q1 EPS by 21c; Q2 Revs Light of Views

Arista Networks, Inc. Reports First Quarter 2020 Financial Results

May 5, 2020 4:05 PM EDT

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Arista Networks, Inc. (NYSE: ANET), an industry leader in software-driven cloud networking solutions for large datacenter and campus environments, today announced financial results for its first quarter ended March 31, 2020.

First Quarter Financial Highlights

Revenue of $523.0 million, a decrease of 5.3% compared to the fourth quarter of 2019, and a decrease of 12.2% from the first quarter of 2019. GAAP gross margin of 64.7%, compared to GAAP gross margin of 64.5% in the fourth quarter of 2019 and 63.9% in the first quarter of 2019. Non-GAAP gross... More