Okta, Inc. (OKTA) Tops Q1 EPS by 7c, Revenues Beat; Offers FY19 EPS/Revenue Guidance Above Consensus

June 6, 2018 4:11 PM

Okta, Inc. (NASDAQ: OKTA) reported Q1 EPS of ($0.09), $0.07 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $83.6 million versus the consensus estimate of $78.84 million.

"We had another strong quarter and a fantastic start to the year. Coming off the heels of Oktane18, our annual customer conference, it's clear that organizations see the strategic importance of identity and Okta's value as an independent and neutral cloud platform," said Todd McKinnon, chief executive officer at Okta. "Our growth is driven by three areas of focus that align with the needs of our customers: connecting people seamlessly to all of their technologies, providing an identity layer for customer facing applications, and strengthening security while making technology easier to use. The power of the Okta Integration Network with the Okta Identity Cloud uniquely positions us as the leading identity platform."

First Quarter Fiscal 2019 Financial Highlights:

Financial Outlook:

For the second quarter of fiscal 2019, the Company currently expects:

For the full fiscal 2019, the Company now expects:

GUIDANCE:

Okta, Inc. sees FY2019 EPS of ($0.58)-($0.54), versus the consensus of ($0.64). Okta, Inc. sees FY2019 revenue of $353-357 million, versus the consensus of $347 million.

For earnings history and earnings-related data on Okta, Inc. (OKTA) click here.

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