Okta, Inc. (OKTA) Tops Q1 EPS by 10c; Guides Above the Street

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Go back to Okta, Inc. (OKTA) Tops Q1 EPS by 10c; Guides Above the Street

Okta Announces First Quarter Fiscal Year 2024 Financial Results

May 31, 2023 4:01 PM EDT

Q1 revenue grew 25% year-over-year; subscription revenue grew 26% year-over-year Current remaining performance obligations (cRPO) grew 20% year-over-year to $1.70 billion Record operating cash flow of $129 million and free cash flow of $124 million

SAN FRANCISCO--(BUSINESS WIRE)-- Okta, Inc. (Nasdaq: OKTA), the leading independent identity provider, today announced financial results for its first quarter ended April 30, 2023.

We started the new fiscal year with strong non-GAAP operating profit and record cash flow, which is a testament to the actions weve taken to increase efficiency and... More