1.57B 2%
Total Revenue QoQ (USD) - Q1 '24

Income Statement (USD)

Q1 '24 QoQ
Revenue 1.57B 2%
Gross Profit 1B 0.2%
Cost of Revenue 710M 2%
Operating expense 341M 5%
Net Income 638M 3.9%
EBITDA 667M 3.1%

Balance Sheet (USD)

Q1 '24 QoQ
Total Assets 10.6B 6.1%
Total Liabilities 2.69B 1.5%
Total Equity 7.86B 8.9%
Shares Outstanding 314M 0.4%

Cash Flow (USD)

Q1 '24 QoQ
Cash from operations 514M 2.4%
Cash from investing -296M 12.3%
Cash from financing -63M 4647.7%

EPS

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Financial Highlights for Arista Networks in Q1 '24

Arista Networks reported a revenue of 1.57B, which is a 2% 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 1B, marking a 0.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.

Cost of Revenue was 710M, a 2% 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 341M, showing a -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 638M, showing a 3.9% 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 667M, showing a 3.1% 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.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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