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Broadband

Arista revenues, profit jump in Q3

Friday 4 November 2016 | 12:46 CET | News
Arista Networks said third quarter revenues jumped 33.4 percent from the year before to USD 290.3 million, beating expectations of USD 279-285 million and pushed by its cumulative shipments of 10 million cloud networking ports as well as the shift from legacy to cloud networking. The net profit soared to USD 51.3 million or USD 0.69 per diluted share, from 28.7 million or 0.39 per diluted share. The gross margin of slipped to 64.2 percent to 65.2 percent while the adjusted gross margin dipped to 64.2 percent from 65.5 percent.

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Categories: Fixed
Companies: Arista Networks / Cisco
Countries: United States
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