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Arista Networks Q3 profit climbs 126.1% YOY


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Arista Networks Q3 profit climbs 126.1% YOY

Arista Networks Inc. said its normalized net income for the third quarter came to $1.12 per share, compared with the S&P Capital IQ consensus estimate of $1.19 per share.

EPS climbed 109.4% year over year from 54 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $88.9 million, a gain of 126.1% from $39.3 million in the prior-year period.

The normalized profit margin increased to 20.3% from 13.5% in the year-earlier period.

Total revenue grew 50.8% on an annual basis to $437.6 million from $290.3 million, and total operating expenses rose 30.6% from the prior-year period to $296.8 million from $227.2 million.

Reported net income grew 162.0% year over year to $133.6 million, or $1.68 per share, from $51.0 million, or 69 cents per share.