Okta reports Q4 EPS of $0.63, revenue of $605M, 13% YoY subscription backlog growth, and projects strong Q1 EPS and revenue.

Identity management platform Okta reported better-than-expected Q4 earnings, with EPS of $0.63 and revenue of $605M. The company's subscription backlog increased 13% YoY to $3.385B, and it expects to deliver strong new features and products in the upcoming fiscal year, with Q1 adjusted EPS projected at 54-55 cents and total revenue between $603M and $605M. Okta's stock price rose 17.8% following the earnings announcement.

February 28, 2024
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