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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 1.69B | 7.6% |
Gross Profit | 1.1B | 9.6% |
Cost of Revenue | 730M | 2.9% |
Operating expense | 398M | 16.5% |
Net Income | 665M | 4.3% |
EBITDA | 706M | 5.9% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 11.6B | 10.2% |
Total Liabilities | 3.19B | 18.8% |
Total Equity | 8.43B | 7.2% |
Shares Outstanding | 314M | 0.2% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 989M | 92.5% |
Cash from investing | -478M | 61.6% |
Cash from financing | -173M | 174.5% |
EPS
Financial Highlights for Arista Networks in Q2 '24
Arista Networks reported a revenue of 1.69B, which is a 7.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.1B, marking a 9.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 730M, a 2.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 398M, showing a 16.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 665M, showing a 4.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 706M, showing a 5.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Arista Networks with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.