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Broadband

Arista Networks grows Q2 results more than expected

Friday 7 August 2015 | 10:01 CET | News
Arista Networks reported second-quarter revenue up 41.8 percent year-on-year to USD 195.6 million, better than its outlook. Its adjusted gross margin fell to 65.8 percent from 67.9 a year ago, but was also ahead of guidance. Net profit rose to USD 24 million from USD 21.6 million, and adjusted EPS improved to USD 0.54 from EUR 0.35 a year ago. Arista said the record revenue growth came as it passed the milestone of a cumulative five million cloud networking ports sold worldwide. For the third quarter, the company forecast revenue of USD 208-212 million and an adjusted gross margin of 63-65

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Categories: Fixed
Companies: Arista Networks
Countries: World
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