Arista Networks (ANET) Tops Q3 EPS by 21c
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Arista Networks, Inc. Reports Third Quarter 2020 Financial Results
November 2, 2020 4:05 PM ESTSANTA CLARA, Calif.--(BUSINESS WIRE)-- Arista Networks, Inc. (NYSE: ANET), an industry leader in cognitive cloud networking for large datacenter and campus environments, today announced financial results for its third quarter ended September 30, 2020.
Third Quarter Financial Highlights
Revenue of $605.4 million, an increase of 12.0% compared to the second quarter of 2020, and a decrease of 7.5% from the third quarter of 2019. GAAP gross margin of 63.6%, compared to GAAP gross margin of 63.7% in the second quarter of 2020 and 63.8% in the third quarter of 2019. Non-GAAP gross margin... More