Okta, Inc. (OKTA) Tops Q3 EPS by 15c, Guidance Tops Views

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Okta Announces Third Quarter Fiscal Year 2024 Financial Results

November 29, 2023 7:15 AM EST

Q3 revenue grew 21% year-over-year; subscription revenue grew 22% year-over-year Current remaining performance obligations (cRPO) grew 16% year-over-year to $1.83 billion Record operating cash flow of $156 million and record free cash flow of $150 million

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

Our Q3 performance was highlighted by solid top-line growth, record non-GAAP operating profit, and record free cash flow, said Todd McKinnon, Chief Executive Officer and co-founder of Okta. "We are... More