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Cloud Native/NFV

Arista 2Q Revenue Hits $268.7M, Income Up

SANTA CLARA, Calif. -- Arista Networks, Inc. (ANET), an industry leader in software-driven cloud networking solutions for large data center and computing environments, today announced financial results for its second quarter ended June 30, 2016.

Second Quarter Financial Highlights

  • Revenue of $268.7 million, an increase of 11.0% compared to the first quarter of 2016, and an increase of 37.4% from the second quarter of 2015.
  • GAAP gross margin of 63.8%, compared to GAAP gross margin of 64.0% in the first quarter of 2016 and 65.4% in the second quarter of 2015.
  • Non-GAAP gross margin of 64.1%, compared to non-GAAP gross margin of 64.4% in the first quarter of 2016 and 65.8% in the second quarter of 2015.
  • GAAP net income of $38.9 million, or $0.53 per diluted share, compared to GAAP net income of $24.0 million, or $0.33 per diluted share, in the second quarter of 2015.
  • Non-GAAP net income of $53.7 million, or $0.74 per diluted share, compared to non-GAAP net income of $38.8 million, or $0.54 per diluted share, in the second quarter of 2015.

Arista Networks Inc.

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