Arista Hits Q4 Revenue of $174M, up 51% YoY

Arista Networks reported Q4 2014 revenue of $173.5 million, an increase of 51.2% compared to the fourth quarter of 2013, and an increase of 11.6% from the third quarter of 2014. GAAP net income came in at $31.0 million, or $0.43 per diluted share, compared to GAAP net income of $13.7 million, or $0.23 per diluted share, in the fourth quarter of 2013. GAAP gross margin was 67.1%, compared to GAAP gross margin of 67.5% in the fourth quarter of 2013 and 64.9% in the third quarter of 2014.

The company cited the adoption of cloud networking as a key driver.

“We are pleased with our annual revenue growth in 2014 of 61.7% over 2013, with broad customer momentum across our key verticals,” stated Jayshree Ullal, Arista President and CEO. “Our pioneering innovations in EOS+, in combination with our flagship 7000 series spine and spline models have made cloud networking transition a reality.”

http://www.arista.com/en/