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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
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.