Okta Announces Record First Quarter Financial Results
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Okta, Inc. (OKTA) Tops Q1 EPS by 2c, Revenues Beat; Offers Q2 EPS Views Above Consensus, Q2 & FY20 Revenue Guidanec Above Consensus
May 30, 2019 4:08 PM EDTOkta, Inc. (NASDAQ: OKTA) reported Q1 EPS of ($0.19), $0.02 better than the analyst estimate of ($0.21). Revenue for the quarter came in at $125.2 million versus the consensus estimate of $116.86 million.
First Quarter Fiscal 2020 Financial Highlights:
Revenue: Total revenue was $125.2 million, an increase of 50% year-over-year. Subscription revenue was $117.2 million, an increase of 52% year-over-year.Operating Loss: GAAP operating loss was $51.8 million, or 41.4% of total revenue, compared to $25.0 million, or 29.9% of total revenue, in the first quarter of fiscal 2019. Non-GAAP operating loss was $24.9 million, or 19.9% of total revenue, compared to $10.8 million, or... More