Okta Announces Strong Fourth Quarter and Fiscal 2020 Financial Results
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Okta, Inc. (OKTA) Tops Q4 EPS by 4c, Revenues Beat; Offers Q1 & FY21 Revenue Views Above Consensus, Q1 & FY21 EPS Outlook Below Consensus
March 5, 2020 4:10 PM ESTOkta, Inc. (NASDAQ: OKTA) reported Q4 EPS of ($0.01), $0.04 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $167.3 million versus the consensus estimate of $155.85 million.
Fourth Quarter Fiscal 2020 Financial Highlights:
Revenue: Total revenue was $167.3 million, an increase of 45% year-over-year. Subscription revenue was $158.5 million, an increase of 46% year-over-year.Remaining Performance Obligations (RPO): RPO was $1.21 billion, an increase of 66% year-over-year. Current RPO, which is subscription revenue expected to be recognized over the next 12 months, was $592.3 million, up 54% compared to the fourth quarter of fiscal 2019.Calculated Billings: Total calculated billings were... More