Arista Networks, Inc. (NYSE:ANET) Q4 2022 Earnings Call Transcript

Simon Leopold: Thanks for taking. I wanted to maybe dig a little bit into the campus business, particularly whether or not that unit has been more constrained, and therefore, recovery bounces back. And ultimately, wondering if really an increase in campus in the mix, I know you gave us a $750 million target by €˜25 million. Wondering if that’s considered a headwind to gross margin or whether it’s more about the market verticals that affects your margins? Thank you.

Jayshree Ullal: Yes. No headwind to gross margin. Our campus business has good gross margins. I just €“ as we said, on the product side, I feel very good that the campus can execute. On the go-to-market side, we have more work. So, I am giving our self some optionality that if we do the work really well, we could exceed the $750 million. And if we can’t, then that will be the more likely number.

Liz Stine: Great. Thanks Simon. This concludes the Arista Networks’ fourth quarter 2022 earnings call. We have posted a presentation which provides additional information on our results, which you can access on the Investors section of our website. Thank you for joining us today, and thank you for your interest in Arista.

Operator: Thank you for joining, ladies and gentlemen. This concludes today’s call. You may now disconnect.