Okta Q2 2021 Earnings Report
Key Takeaways
Okta announced strong second quarter results with a 43% year-over-year increase in total revenue, reaching $200.4 million. Subscription revenue grew by 44% year-over-year, and remaining performance obligations increased by 56% year-over-year. The company also raised its fiscal year 2021 outlook for both revenue and profitability.
Total revenue was $200.4 million, an increase of 43% year-over-year.
Subscription revenue was $190.7 million, an increase of 44% year-over-year.
Remaining Performance Obligations (RPO) reached $1.43 billion, up 56% year-over-year.
Non-GAAP operating income was $6.5 million, compared to a non-GAAP operating loss of $9.9 million in the second quarter of fiscal 2020.
Okta
Okta
Okta Revenue by Segment
Forward Guidance
For the third quarter of fiscal 2021, Okta expects total revenue of $202 million to $203 million, representing a growth rate of 32% to 33% year-over-year. The company anticipates a non-GAAP operating loss of $3.0 million to $2.0 million and a non-GAAP net loss per share of $0.02 to $0.01, assuming weighted shares outstanding of approximately 129 million.
Positive Outlook
- Total revenue of $202 million to $203 million, representing a growth rate of 32% to 33% year-over-year
- Non-GAAP operating loss of $3.0 million to $2.0 million
- Non-GAAP net loss per share of $0.02 to $0.01
Revenue & Expenses
Visualization of income flow from segment revenue to net income