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Arista Networks | 10-Q: Q3 2024 Earnings Report

Arista Networks | 10-Q: Q3 2024 Earnings Report

Arista Networks | 10-Q：2024財年三季報
美股SEC公告 ·  2024/11/08 13:38

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Arista Networks reported strong financial results for Q3 2024, with revenue increasing 20% year-over-year to $1.81 billion and net income rising 37% to $748 million. Product revenue grew 18.5% to $1.52 billion while service revenue jumped 28.2% to $287 million. Gross margin improved to 64.2% from 62.4% in the same period last year, driven by lower excess inventory charges.The company maintained robust operational performance with operating income of $785 million, up 30% from Q3 2023. Research and development expenses increased 11.1% to $236 million as the company continued investing in product innovation, particularly in AI networking and new market expansion. The Americas region accounted for 81.7% of total revenue, reflecting strong demand from cloud and enterprise customers.Looking ahead, Arista announced a four-for-one stock split effective December 4, 2024, aimed at making shares more accessible to investors. The company's board authorized a new $1.2 billion stock repurchase program in May 2024, with approximately $1.0 billion remaining as of September 30. Cash and investments totaled $7.4 billion, demonstrating strong liquidity position.
Arista Networks reported strong financial results for Q3 2024, with revenue increasing 20% year-over-year to $1.81 billion and net income rising 37% to $748 million. Product revenue grew 18.5% to $1.52 billion while service revenue jumped 28.2% to $287 million. Gross margin improved to 64.2% from 62.4% in the same period last year, driven by lower excess inventory charges.The company maintained robust operational performance with operating income of $785 million, up 30% from Q3 2023. Research and development expenses increased 11.1% to $236 million as the company continued investing in product innovation, particularly in AI networking and new market expansion. The Americas region accounted for 81.7% of total revenue, reflecting strong demand from cloud and enterprise customers.Looking ahead, Arista announced a four-for-one stock split effective December 4, 2024, aimed at making shares more accessible to investors. The company's board authorized a new $1.2 billion stock repurchase program in May 2024, with approximately $1.0 billion remaining as of September 30. Cash and investments totaled $7.4 billion, demonstrating strong liquidity position.
Arista Networks報告2024年第三季度強勁的財務業績，營業收入同比增長20%，達到了18.1億，凈利潤上升37%至74800萬。產品營業收入增長18.5%，達到了15.2億，而服務收入躍增28.2%至28700萬。毛利率從去年的62.4%提升至64.2%，得益於較低的過剩庫存費用。公司保持了強勁的運營表現，運營收入爲78500萬，同比增長30%。研發費用增長11.1%，達到23600萬，因爲公司繼續投資於產品創新，特別是在人工智能網絡和新市場擴展方面。美洲地域板塊佔總營業收入的81.7%，反映了來自雲計算和企業客戶的強勁需求。展望未來，Arista宣佈將於2024年12月4日實施四股合一的股票拆分，旨在讓投資者更容易購買股票。公司董事會於2024年5月授權了新的12億股票回購計劃，截至9月30日，剩餘約10億。現金和投資總計74億，顯示出強勁的流動性。
Arista Networks報告2024年第三季度強勁的財務業績，營業收入同比增長20%，達到了18.1億，凈利潤上升37%至74800萬。產品營業收入增長18.5%，達到了15.2億，而服務收入躍增28.2%至28700萬。毛利率從去年的62.4%提升至64.2%，得益於較低的過剩庫存費用。公司保持了強勁的運營表現，運營收入爲78500萬，同比增長30%。研發費用增長11.1%，達到23600萬，因爲公司繼續投資於產品創新，特別是在人工智能網絡和新市場擴展方面。美洲地域板塊佔總營業收入的81.7%，反映了來自雲計算和企業客戶的強勁需求。展望未來，Arista宣佈將於2024年12月4日實施四股合一的股票拆分，旨在讓投資者更容易購買股票。公司董事會於2024年5月授權了新的12億股票回購計劃，截至9月30日，剩餘約10億。現金和投資總計74億，顯示出強勁的流動性。
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