Arista Networks, Inc.
Income Statement
| Line Item | Jun 2016 | Mar 2016 | Dec 2015 | Sep 2015 | Jun 2015 | Mar 2015 | Dec 2014 | Sep 2014 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $268.7M | $242.2M | $245.4M | $217.5M | $195.6M | $179.0M | $173.5M | $155.5M |
| Cost of Revenue | $97.3M | $87.1M | $89.3M | $75.8M | $67.7M | $61.3M | $57.0M | $54.5M |
| Gross Profit | $171.5M | $155.1M | $156.2M | $141.7M | $127.9M | $117.8M | $116.4M | $101.0M |
| Gross Margin | 63.8% | 64.0% | 63.6% | 65.2% | 65.4% | 65.8% | 67.1% | 64.9% |
| Operating Expenses | ||||||||
| Research & Development | $69.0M | $62.5M | $57.4M | $58.7M | $49.9M | $43.3M | $44.3M | $36.2M |
| SG&A Expense | $17.5M | $15.2M | $18.1M | $25.2M | $18.4M | $14.1M | $8.1M | $9.9M |
| Operating Income | $53.2M | $49.7M | $49.4M | $31.3M | $32.9M | $35.8M | $39.0M | $33.9M |
| Operating Margin | 19.8% | 20.5% | 20.1% | 14.4% | 16.8% | 20.0% | 22.5% | 21.8% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $52.8M | $49.3M | $48.5M | $30.6M | $32.4M | $34.5M | $38.1M | $32.3M |
| Income Tax Expense | $13.9M | $14.1M | $4.6M | $1.9M | $8.4M | $10.0M | $7.0M | $10.4M |
| Net Income | $38.9M | $35.2M | $43.9M | $28.7M | $24.0M | $24.5M | $31.0M | $21.9M |
| Net Margin | 14.5% | 14.6% | 17.9% | 13.2% | 12.3% | 13.7% | 17.9% | 14.1% |
| EPS (Basic) | $0.04 | $0.03 | $0.04 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 |
| EPS (Diluted) | $0.03 | $0.03 | $0.04 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 |
| Shares Outstanding (Basic) | 1.09B | 1.08B | 1.06B | 1.07B | 1.05B | 1.03B | 774.8M | 998.4M |
| Shares Outstanding (Diluted) | 1.17B | 1.16B | 1.14B | 1.15B | 1.14B | 1.13B | 873.4M | 1.12B |
| Dividends Per Share | — | — | — | — | — | — | — | — |