Okta Announces Strong First Quarter Results
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Okta, Inc. (OKTA) Tops Q1 EPS by 10c, Revenues Beat; Reaffirms 2Q & FY21 EPS/Revenue Guidance
May 28, 2020 4:11 PM EDTOkta, Inc. (NASDAQ: OKTA) reported Q1 EPS of ($0.07), $0.10 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $182.9 million versus the consensus estimate of $171.35 million.
Reaffirms revenue outlook and improves operating profit outlook for fiscal 2021Q1 revenue grew 46% year-over-year; subscription revenue grew 48% year-over-yearRemaining performance obligations, or subscription revenue backlog, grew 57% year-over-yearRecord operating and free cash flowsFirst Quarter Fiscal 2021 Financial Highlights:
Revenue: Total revenue was $182.9 million, an increase of 46% year-over-year. Subscription revenue was $173.8 million, an increase of 48% year-over-year.Remaining Performance Obligations (RPO): RPO was... More