Okta, Inc. (OKTA) Tops Q2 EPS by 9c, Beats on Revenue; Guides Above Consensus

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Go back to Okta, Inc. (OKTA) Tops Q2 EPS by 9c, Beats on Revenue; Guides Above Consensus

Okta Announces Second Quarter Fiscal Year 2024 Financial Results

August 30, 2023 4:01 PM EDT

Q2 revenue grew 23% year-over-year; subscription revenue grew 24% year-over-year Current remaining performance obligations (cRPO) grew 18% year-over-year to $1.77 billion Operating cash flow of $53 million and free cash flow of $49 million

SAN FRANCISCO--(BUSINESS WIRE)-- Okta, Inc. (Nasdaq: OKTA), the leading independent identity partner, today announced financial results for its second quarter ended July 31, 2023.

Our focus on execution and efficiency has delivered solid top-line results with significant improvements to operating profit and cash flow year-over-year, said Todd McKinnon, Chief Executive Officer and co-founder of... More