Loading...
•
Jan 31, 2020
Okta Q4 2020 Earnings Report
Okta's Q4 2020 earnings report showcased strong growth and expansion.
Key Takeaways
Okta reported a strong fourth quarter with revenue growth of 45% year-over-year and subscription revenue growth of 46% year-over-year. The company's remaining performance obligations grew 66% year-over-year, and it achieved positive operating and free cash flows for the fiscal year 2020.
Total revenue was $167.3 million, an increase of 45% year-over-year.
Subscription revenue was $158.5 million, an increase of 46% year-over-year.
Remaining Performance Obligations (RPO) was $1.21 billion, an increase of 66% year-over-year.
Free cash flow was $18.1 million, compared to $4.8 million in the fourth quarter of fiscal 2019.
Revenue by Segment
Forward Guidance
For the first quarter of fiscal 2021, the Company expects total revenue of $171 million to $173 million, representing a growth rate of 37% to 38% year-over-year. Non-GAAP operating loss of $33.2 million to $32.2 million and Non-GAAP net loss per share of $0.24 to $0.23, assuming weighted shares outstanding of approximately 123 million. For the full year fiscal 2021, the Company expects total revenue of $770 million to $780 million, representing a growth rate of 31% to 33% year-over-year. Non-GAAP operating loss of $65.0 million to $57.0 million and Non-GAAP net loss per share of $0.42 to $0.37, assuming weighted shares outstanding of approximately 125 million
Positive Outlook
- Total revenue of $171 million to $173 million, representing a growth rate of 37% to 38% year-over-year
- Non-GAAP operating loss of $33.2 million to $32.2 million
- Non-GAAP net loss per share of $0.24 to $0.23, assuming weighted shares outstanding of approximately 123 million
- Total revenue of $770 million to $780 million, representing a growth rate of 31% to 33% year-over-year
- Non-GAAP operating loss of $65.0 million to $57.0 million
Challenges Ahead
- Non-GAAP operating loss of $33.2 million to $32.2 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...