OKTA - Okta Stock Rises On Better-Than-Expected Q4 Results: EPS Beat Revenue Beat Upbeat Guidance | Benzinga
Okta, Inc. (NASDAQ:OKTA) reported better-than-expected fourth-quarter financial results after the bell Wednesday. Here's a look at the highlights.
The Details:
Okta reported quarterly earnings of 63 cents per share which beat the analyst consensus estimate of 51 cents.
Quarterly sales came in at $605 million which beat the analyst consensus estimate of $587.5 million and is a 18.63% increase over sales of $510 million from the same period last year.
Subscription backlog was $3.385 billion, an increase of 13% year-over-year and cRPO, which is subscription backlog expected to be recognized over the next 12 ...