Arista Earnings: AI Wave Keeps Rolling
Here's our initial take on Arista Networks' (NYSE: ANET) fourth-quarter financial report.
In the high-speed data center switch market, Arista is now officially king. The company surpassed Cisco Systems (NASDAQ: CSCO) last year in dollar-based and port-based market share, continuing a years-long ascendance. Booming demand from cloud computing giants investing in artificial intelligence (AI) infrastructure has been the driving force behind Arista's market share gains.
Arista reported solid fourth-quarter results to cap 2024. Revenue was up 25% year over year, and the company enjoyed a healthy adjusted gross margin of 64.2%. Operating cash flow nearly doubled in the fourth quarter, leading full-year operating cash flow to rise more than 80%.
Source Fool.com
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