Arista Networks posted revenue of $179.0 million for Q1 2015, an increase of 52.8% compared to the first quarter of 2014, and an increase of 3.2% from the fourth quarter of 2014. GAAP gross margin was 65.8%, compared to GAAP gross margin of 69.4% in the first quarter of 2014 and 67.1% in the fourth quarter of 2014. Net income (GAAP) amounted to $24.5 million, or $0.34 per diluted share, compared to GAAP net income of $12.3 million, or $0.20 per diluted share, in the first quarter of 2014.
“I am pleased with our Q1 2015 results, as we made strides in our top four verticals,” stated Jayshree Ullal, Arista President and CEO. “Our customer momentum in cloud networking, combined with our profitable growth and disruptive product innovations positions us well for the year.”
