Arista Networks (ANET) Tops Q2 EPS, Revenues; Guides Above
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Arista Networks, Inc. Reports Second Quarter 2020 Financial Results
August 4, 2020 4:05 PM EDTSANTA CLARA, Calif.--(BUSINESS WIRE)-- Arista Networks, Inc. (NYSE: ANET), an industry leader in software-driven cloud networking solutions for large datacenter and campus environments, today announced financial results for its second quarter ended June 30, 2020.
Second Quarter Financial Highlights
Revenue of $540.6 million, an increase of 3.4% compared to the first quarter of 2020, and a decrease of 11.1% from the second quarter of 2019. GAAP gross margin of 63.7%, compared to GAAP gross margin of 64.7% in the first quarter of 2020 and 64.1% in the second quarter of 2019. Non-GAAP gross... More