Arista Networks $ANET 2Q21 Earnings ππ»
- Rev $707m +31% βοΈ
- NG Gross Profit $461m +32% βοΈ margin - 65.2% +52bps β
- NG EBIT $272m +32%βοΈ margin 38.4% +35bps β
- NG Net Income $217m +30% βοΈ margin 30.7% -24bps βοΈ
- 6M OCF $518m +56% βοΈ
- Rev $707m +31% βοΈ
- NG Gross Profit $461m +32% βοΈ margin - 65.2% +52bps β
- NG EBIT $272m +32%βοΈ margin 38.4% +35bps β
- NG Net Income $217m +30% βοΈ margin 30.7% -24bps βοΈ
- 6M OCF $518m +56% βοΈ
β‘οΈ "Our record second quarter reflects continued momentum and diversification across our top verticals and product-lines."
β‘οΈ βWe are on the cusp of network software and data driven transformation and look forward to delighting many more customers."
β‘οΈ βWe are on the cusp of network software and data driven transformation and look forward to delighting many more customers."
βοΈ Arista Networks $ANET - Gartner Leader 2020 Magic Quadrant for Data Center and Cloud Networking alongside Cisco $CSCO.
Cisco $CSCO continues to lose market share π in high speed data centre switching and Arista Networks $ANET had been gaining market share π.
Final Thoughts on Arista Networks:
β‘οΈ Steady growth, profitable, long-term innovator and compounder supported by very long-term secular tailwinds, led by solid management. Thesis remains unchanged.
β‘οΈ Steady growth, profitable, long-term innovator and compounder supported by very long-term secular tailwinds, led by solid management. Thesis remains unchanged.
β’ β’ β’
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