Arista Networks Q1 sales top expectations

Friday 6 May 2016 | 10:22 CET | News
Arista Networks reported first-quarter revenues up 35.3 percent year-on-year to USD 242.2 million, better than its forecast range. Its adjusted gross margin was down slightly to 64.4 percent from 66.1 a year ago but rose from 64.0 percent in Q4. Adjusted net profit improved to USD 49.1 million, or USD 0.68 per diluted share, from USD 35.5 million, or USD 0.50 per share a year ago. Reported net profit was also higher, at USD 35.2 million versus USD 24.5 million. The company said it had a "solid", with increasing acceptance from customers in the ongoing shift to cloud networking and an outlook

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Categories: Fixed
Companies: Arista Networks
Countries: World
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