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Arista Networks easily beats first-quarter earnings and revenue targets

SHARE Cloud networking firm Arista Networks Inc. turned in another solid quarterly performance today, beating expectations on earnings and revenue again to send its stock up in after-hours trading. The company reported a first-quarter profit before certain costs such as stock compensation of $2.50 per share on sales of $667.6 million, amounting to solid revenue growth of 27% from the same period one year ago. Wall Street had been looking for a profit of just $2.38 per share on revenue of $642.12 million. Overall, Arista reported a healthy operating profit of $198.8 million for the quarter. Arista sells high-speed networking switches primarily to hyperscale data center operators such as Facebook Inc. and Microsoft Corp. In addition, the company also rivals the much larger Cisco Systems Inc. in the competitive market for enterprise campus switches.

Jayshree ullalHolger muellerFacebook incArista networksConstellation research incMicrosoft corpCisco systems incArista networks incSecurity incSiliconangle media incCisco systemsAwake securityChief executive jayshree ullalConstellation researchChief financial officer ita brennanWall street

Arista Networks, Inc Q1 adjusted earnings Beat Estimates

Arista Networks, Inc. Q1 adjusted earnings Beat Estimates WASHINGTON (dpa-AFX) - Arista Networks, Inc. (ANET) announced a profit for its first quarter that advanced from the same period last year. The company s earnings totaled $180.37 million, or $2.27 per share. This compares with $138.43 million, or $1.73 per share, in last year s first quarter. Excluding items, Arista Networks, Inc. reported adjusted earnings of $198.84 million or $2.50 per share for the period. Analysts had expected the company to earn $2.38 per share, according to figures compiled by Thomson Reuters. Analysts estimates typically exclude special items. The company s revenue for the quarter rose 27.6% to $667.56 million from $523.03 million last year.

United statesThomson reutersArista networks incArista networksAnalysts estimateஒன்றுபட்டது மாநிலங்களில்தாம்சன் ராய்ட்டர்ஸ்அரிஸ்டா நெட்வொர்க்குகள் இன்க்அரிஸ்டா நெட்வொர்க்குகள்ஆய்வாளர்கள் மதிப்பீடு

GCC Data Center Market Growth, Trends, and Forecasts 2021-2026: Etisalat, Amazon Web Services (AWS), Khazna, Khazna, Gulf Data Hub, and Datamount are Notable Investors - ResearchAndMarkets com

Share: ResearchAndMarkets.com s offering. The GCC Data Center Market is expected to register a CAGR of 3.7% over the forecast period 2021 to 2026. Managed services continue to govern the GCC data center services market, where colocation has gained improved traction in the last few years. Hyperscale data center providers add to market growth through cloud investments in GCC countries that include Oracle, AWS, IBM, and Microsoft. Stringent data protection laws are likely to drive the market in the region. Saudi Arabia revised its cloud computing regulatory framework in 2019. There is an increasing contribution from the expanded deployment in AI, IoT, and machine learning workloads. For instance, according to Bahrain FinTech Bay, the contribution of AI stood at approximately 8.2% of its GDP.

Saudi arabiaUnited arab emiratesKingdom of saudi arabiaAbu dhabiTurner townsendDepartment of urban planningEngineering contractingCisco systems incLenovo groupData centerArista networks incBroadcom incHarinsa qatar incTelecom companyHuawei technologies co ltdTelecommunications regulatory authority

Global 5G in Smart Cities Market (2021 to 2026) - For Connected Businesses, Communities, Groups and Individuals

Global 5G in Smart Cities Market (2021 to 2026) - For Connected Businesses, Communities, Groups and Individuals
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