Okta, Inc. (OKTA) Tops Q4 EPS by 4c, Revenues Beat; Offers Q1 & FY21 Revenue Views Above Consensus, Q1 & FY21 EPS Outlook Below Consensus

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Go back to Okta, Inc. (OKTA) Tops Q4 EPS by 4c, Revenues Beat; Offers Q1 & FY21 Revenue Views Above Consensus, Q1 & FY21 EPS Outlook Below Consensus

Okta Announces Strong Fourth Quarter and Fiscal 2020 Financial Results

March 5, 2020 4:05 PM EST

Q4 revenue grew 45% year-over-year; subscription revenue grew 46% year-over-year Remaining performance obligations, or subscription revenue backlog, grew 66% year-over-year Achieved positive operating and free cash flows for fiscal 2020

SAN FRANCISCO--(BUSINESS WIRE)-- Okta, Inc. (NASDAQ: OKTA), the leading independent provider of identity for the enterprise, today announced financial results for its fourth quarter and fiscal year ended January 31, 2020.

"Our strong fourth quarter performance caps another fantastic year of growth and expansion," said Todd McKinnon, Chief Executive Officer and co-founder of Okta. "We continue to post industry... More