2024-03-06 17:43:11 ET
Arista Networks, Inc. (ANET)
Morgan Stanley Technology, Media and Telecom Conference Call
March 06, 2024, 01:15 PM ET
Company Participants
Jayshree Ullal - CEO
Chantelle Breithaupt - CFO
Conference Call Participants
Meta Marshall - Morgan Stanley
Presentation
Meta Marshall
I'll just read some brief disclosures. If you need to see any disclosures, please check out morganstanley.com/researchdisclosures or talk to your Morgan Stanley sales representative. For those who don't know me, the least important person on the stage, Meta Marshall. I cover networking here at Morgan Stanley. We are delighted to have Jayshree Ullal, CEO of Arista, with us, and also Chantelle Breithaupt, the new CFO of Arista. So bringing her to the stage.
Question-and-Answer Session
Q - Meta Marshall
So Jayshree, Arista has had a remarkable year as AI and the networking needs of AI have come to the forefront. However, for all the value accretion, Arista has not yet seen a lot of that kind of maybe backend AI revenue. What do you see as AI networking operating set and what makes you confident that Arista can capture it?
Jayshree Ullal
It's -- first of all, pleasure to be here, Meta. I enjoy these conferences because you ask these questions that make me think. And no matter how prepared you are, you still have to think. So I know there's a lot of AI fever going on, but I just want to first put this in context and say it is a very gratifying moment when I look back at 2023 to see how we have performed as a company in multiple ways. First, as you talked about the back end, but let's talk about the front end, right, the cloud networking and how we are now addressing that market. And just last week we got some data that said we are the number one, not just in high performance, but the number one in overall data center switching. Never happened in the history of the industry before that a company can capture that kind of performance, and so thanks to our customers....
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Arista Networks, Inc. (ANET) CEO Jayshree Ullal presents at Morgan Stanley Technology, Media and Telecom Conference (Transcript)