TECH - Okta Q1 Earnings: Revenue Beat EPS Beat Raised Guidance — 'Massive Opportunity' Ahead And More | Benzinga
Okta Inc (NASDAQ:OKTA) reported fiscal first-quarter financial results Wednesday after the bell. Here’s a look at key metrics and highlights from the quarter.
Q1 Earnings: Okta reported first-quarter revenue of $617 million, which was up 19% year-over-year and came in ahead of analyst estimates of $604.339 million. The cloud-native cybersecurity company reported adjusted earnings of 65 cents per share, beating analyst estimates of 55 cents per share, per Benzinga Pro.
Subscription revenues came in at $603 million, up 20% on a year-over-year basis. Current remaining performance obligations totaled $1.949 billion at the quarter end, up 15% year-over-year.
Net cash provided by operations was $219 million, up from $129 million in the ...