THIRD QUARTER RESULTS BY ARISTA NETWORKS

Arista networks that is an industry leader in software-driven cloud networking solutions for large datacentre and computing environments, has announced financial results for its third quarter ended September 30, 2015.

Third quarter financial highlights included:

Revenue of US$217.5 million, an increase of 40% compared to the third quarter of 2014, and an increase of 11% from the second quarter of 2015.

Non-GAAP gross margin of 65.5%, compared to non-GAAP gross margin of 65.2% in the third quarter of 2014 and 65.8% in the second quarter of 2015.

GAAP gross margin of 65.2%, compared to GAAP gross margin of 64.9% in the third quarter of 2014 and 65.4% in the second quarter of 2015.

Non-GAAP net income of US$42.4 million, compared to non-GAAP net income of US$28.1 million in the third quarter of 2014.

GAAP net income of US$28.7 million compared to GAAP net income of US$21.9 million in the third quarter of 2014.

“Arista is witnessing the mainstream acceptance of open and programmable cloud networking across the globe,” stated Jayshree Ullal, Arista President and CEO. “I am delighted by our customer traction across four major verticals and our consistent profitable revenue growth.”