🌱Revenue & Growth
- Total Revenue: $2.005B, +27.6% YoY
- Product Revenue: $1.692B, +27.4% YoY
- Service Revenue: $312.3M, +28.7% YoY
- Revenue Growth: +3.9% QoQ
💰Profits & Health
- GAAP Gross Margin: 63.7%, unchanged YoY
- Non-GAAP Gross Margin: 64.1%, -0.1% YoY
- GAAP Net Income: $813.8M, +27.6% YoY
- Non-GAAP Net Income: $826.2M, +29.6% YoY
- GAAP EPS: $0.64, +28% YoY
- Non-GAAP EPS: $0.65, +30% YoY
📌Business Highlights
- Board authorized $1.5B stock repurchase program
- Introduced Cluster Load Balancing for AI networking
- Launched AI job-centric observability with CloudVision
- Recognized as leader in 2025 Gartner Magic Quadrant
- Completed $787M stock repurchases in Q1 2025
🔮Future Outlook
- Q2 2025 Revenue: ~$2.1B
- Non-GAAP Gross Margin: ~63%
- Non-GAAP Operating Margin: ~46%