Arista Networks, Inc. (NYSE:ANET) reported solid third-quarter 2019 results, wherein both the bottom line and the top line increased year over year and surpassed the respective Zacks Consensus Estimate. The strong quarterly performance reflected the underlying strength of the resilient business model and diligent execution of operational plans.
Net Income
On a GAAP basis, net income improved to $208.9 million or $2.59 per share from $168.5 million or loss of $2.08 per share in the year-ago quarter, primarily driven by top-line growth.
Quarterly non-GAAP net income came in at $217.1 million or $2.69 per share compared with $171.3 million or $2.11 per share in the year-ago quarter. The bottom line beat the consensus estimate by 25 cents.
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