$ALTR Altair Engineering Q4 2024 Adj. EPS $0.52 Beats $0.51 Estimate Sales $192.631M Beat $183.173M Estimate
$AKAM Akamai Techs Q4 2024 Adj. EPS $1.66 Beats $1.51 Estimate Sales $1.020B Beat $1.015B Estimate
ANSYS $ANSS has released its quarterly earnings. Revenue of $882.17M (+9.57% YoY) beats by $18.68M. EPS of $4.44 (+12.69% YoY) beats by $0.51.
Arista Networks, Inc. reported its fourth-quarter 2024 earnings on February 18, 2025, revealing an adjusted earnings per share (EPS) of $0.65, surpassing the expected $0.57, and revenue of $1.93 billion, exceeding the anticipated $1.90 billion. This performance reflects a year-over-year revenue increase of 25.3%. The company also reported a net income of $801 million. Despite these positive results, Arista's stock fell by 5.9% in pre-market trading. Analysts have responded favorably, with nine Buy ratings and one Hold following the earnings report, and several analysts have increased their price targets. Meanwhile, Cadence Design Systems also released its fourth-quarter earnings, reporting an adjusted EPS of $1.88 and revenue of $1.36 billion, both exceeding estimates. This marks a year-over-year EPS increase of 36.2% and a revenue increase of 26.8%. Cadence's net income was reported at $340.21 million, with a record backlog of $6.8 billion, attributed to strong demand across all segments and AI-powered solutions.
