Okta Announces Strong Third Quarter Financial Results
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Okta, Inc. (OKTA) Tops Q3 EPS by 5c, Revenues Beat; Offers Q4 & FY20 EPS/Revenue Guidance Above Consensus
December 5, 2019 4:07 PM ESTOkta, Inc. (NASDAQ: OKTA) reported Q3 EPS of ($0.07), $0.05 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $153 million versus the consensus estimate of $143.7 million.
Third Quarter Fiscal 2020 Financial Highlights:
Revenue: Total revenue was $153.0 million, an increase of 45% year-over-year. Subscription revenue was $144.5 million, an increase of 48% year-over-year.Remaining Performance Obligations (RPO): Total RPO was $1.03 billion, an increase of 68% year-over-year. Current RPO, which is revenue expected to be recognized over the next 12 months, was $515.9 million, up 52% compared to the third quarter of fiscal 2019.Calculated Billings: Total calculated billings were... More