Revenue Growth: Arista reported total revenues of $1.69 billion in QQ2 2024, up 15.87% YoY and up 7.57% QoQ, showcasing continuous demand for its solutions.
Profitability: The gross profit for the quarter was $1.1 billion, resulting in a gross margin of 64.9%, while operating income climbed to $699 million, representing a 31.98% YoY increase. Net income also saw growth, reflecting lean operational structures and effective cost management with a net margin of 39.36%.
Liquidity Ratios: With a current ratio of 4.55 and cash equivalents at $2.43 billion, Arista exhibits strong liquidity and financial stability, allowing it to invest strategically in growth opportunities.
Cash Flow: The net cash provided by operating activities was $989 million, reflecting strong operational efficiency, with free cash flow reported at $986 million for the quarter, allowing for potential stock repurchases and dividends in the future.