secwatch / observer
8-K filed July 31, 2023, 7:59 PM ET ticker ANET CIK 0001596532
earnings confidence high sentiment positive materiality 0.80

Arista Q2 revenue $1.46B up 38.7% YoY; CFO Ita Brennan to retire in 2024

Arista Networks, Inc.

2023-Q2 EPS reported $2.94 revenue$2,810,275,000

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Ita Brennan

Senior Vice President, Chief Financial Officer
ANET · Arista Networks, Inc.
Filed
July 31, 2023, 7:59 PM ET
On July 27, 2023, Ita Brennan, the Company’s Senior Vice President, Chief Financial Officer, notified the Company of her intention to retire in 2024, effective after the Company has hired her replacement to ensure a smooth and orderly transition of her responsibilities.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Arista Networks, Inc. reported its second quarter ended June 30, 2023 results: revenue $1.459 billion, net income $491.9 million, or $1.55 per diluted share, EPS $1.55 per diluted share. Guidance raised.

Period
its second quarter ended June 30, 2023
Revenue
$1.459 billion
Net income
$491.9 million, or $1.55 per diluted share
EPS
$1.55 per diluted share
Guidance
raised
Result
reported results
Exact text from the filing
President and CEO of Arista Networks. “Our customers now represent more than 75 million cumulative cloud networking ports.” Second Quarter Financial Highlights • Revenue of $1.459 billion, an increase of 8.0% compared to the first quarter of 2023, and an increase of 38.7% from the second quarter of 2022. • GAAP gross margin of 60.6%, compared to GAAP gross margin
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Ita Brennan departed as Senior Vice President, Chief Financial Officer at Arista Networks, Inc..

Action
notified intention to retire
Role
Senior Vice President, Chief Financial Officer
Exact text from the filing
On July 27, 2023, Ita Brennan, the Company’s Senior Vice President, Chief Financial Officer, notified the Company of her intention to retire in 2024, effective after the Company has hired her replacement to ensure a smooth and orderly transition of her responsibilities.
View on SEC.gov

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Arista Networks, Inc. filing history →

Source: SEC EDGAR
accession 0001596532-23-000196
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