Arista Networks Inc Q2 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Samik Chatterjee - JPMorgan Chase & Co, Research Division - Analyst : Maybe if I can shift gears here a little bit to enterprise, Jayshree, and obviously, you're talking about the slowdown on the cloud side here a bit going into 2024. But when you look at enterprise, how do you think about sustaining a growth rate or the slowdown in that growth rate into 2024? What are you seeing in terms of orders on that front to sort of give you visibility into 2024?

Question: David Vogt - UBS Investment Bank, Research Division - Analyst : Congratulations, Ita. I just want to go back to the point and maybe help bridge the '23 to '24 to '25 commentary that Jayshree mentioned sort of strong double-digit growth. I think in the past, you've talked about 15% growth across cycles. And I'm just trying to think through, Ita is there REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 31, 2023 / 8:30PM, ANET.N - Q2 2023 Arista Networks Inc Earnings Call enough in trials and pilots in '24 to kind of get you to that kind of mid-teens growth over the next couple of years? And if not, does that mean that your enterprise business has to remain incredibly robust in '24? Upwards of high teens to low 20% growth next year. I know you're not giving guidance, but trying to kind of walk the bridge to get from where we are today to '25, where you're going to start to see more widespread AI deployments from a revenue recognition perspective.