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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.
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Okta informa un beneficio por acción (BPA) del cuarto trimestre de 0,63 dólares, unos ingresos de 605 millones de dólares, un crecimiento interanual del 13 % en la cartera de suscripciones y proyecta fuertes beneficios por acción (BPA) e ingresos para el primer trimestre.