Okta, Inc. (OKTA) Tops Q1 EPS by 10c, Revenues Beat; Reaffirms 2Q & FY21 EPS/Revenue Guidance

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Okta Announces Strong First Quarter Results

May 28, 2020 4:05 PM EDT

Reaffirms revenue outlook and improves operating profit outlook for fiscal 2021 Q1 revenue grew 46% year-over-year; subscription revenue grew 48% year-over-year Remaining performance obligations, or subscription revenue backlog, grew 57% year-over-year Record operating and free cash flows

SAN FRANCISCO--(BUSINESS WIRE)-- Okta, Inc. (NASDAQ: OKTA), the leading independent provider of identity for the enterprise, today announced financial results for its first quarter ended April 30, 2020.

"Okta is at the forefront of helping organizations adapt to the current environment where secure remote access has become... More