Arista Networks announced Q1 revenues of $242.2 million, a decrease of 1.3% compared to the fourth quarter of 2015, and an increase of 35.3% from the first quarter of 2015. GAAP net income was $35.2 million, or $0.48 per diluted share, compared to GAAP net income of $24.5 million, or $0.34 per diluted share, in the first quarter of 2015. GAAP gross margin came in at 64.0%, compared to GAAP gross margin of 63.6% in the fourth quarter of 2015 and 65.8% in the first quarter of 2015.
"As we kick off 2016, we delivered a solid quarter,” stated Jayshree Ullal, Arista President and CEO. “We continue to experience increased relevance and acceptance from our customers in the ongoing shift to cloud networking.”
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