Arista Networks Inc. said its fourth-quarter normalized net income was 65 cents per share, compared with the S&P Capital IQ consensus estimate of 82 cents per share.
EPS rose 53.9% year over year from 42 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $48.2 million, an increase of 58.9% from $30.3 million in the year-earlier period.
The normalized profit margin increased to 14.7% from 12.4% in the year-earlier period.
Total revenue rose 33.6% year over year to $328.0 million from $245.4 million, and total operating expenses climbed 27.8% on an annual basis to $250.5 million from $196.0 million.
Reported net income increased 35.1% on an annual basis to $58.5 million, or 79 cents per share, from $43.3 million, or 60 cents per share.
For the year, the company's normalized net income totaled $2.07 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $3.07.
EPS rose from $1.28 in the prior year.
Normalized net income was $151.4 million, an increase from $91.3 million in the prior year.
Full-year total revenue increased year over year to $1.13 billion from $837.6 million, and total operating expenses grew year over year to $885.8 million from $688.3 million.
The company said reported net income rose year over year to $183.0 million, or $2.50 per share, in the full year, from $119.3 million, or $1.67 per share.
