press release

Sept. 1, 2021, 4:01 p.m. EDT

Okta Announces Strong Second Quarter Results

Q2 revenue grew 57% year-over-year; subscription revenue grew 59% year-over-year Remaining performance obligations (RPO) grew 57% year-over-year to $2.24 billion Increases revenue and operating profit outlook for fiscal 2022

SAN FRANCISCO, (BUSINESS WIRE) -- Okta, Inc. /zigman2/quotes/210420951/composite OKTA -0.85% , the leading independent identity provider, today announced financial results for its second quarter ended July 31, 2021.

"In our first quarter as a combined company with Auth0, we're off to a fantastic start," said Todd McKinnon, Chief Executive Officer and co-founder of Okta. "Execution remained sharp with strong demand for Okta's workforce and customer identity solutions, as well as Auth0's developer-centric identity solutions. As organizations advance on their journey of improving their customers' digital experience, adopting zero-trust security environments, and deploying more cloud applications, they continue to turn to Okta to deliver an unmatched array of modern identity solutions to meet these challenges."

Second Quarter Fiscal 2022 Financial Highlights:

  • Revenue : Total revenue was $316 million, an increase of 57% year-over-year. Subscription revenue was $303 million, an increase of 59% year-over-year. On an Okta standalone basis (excluding $38 million attributable to Auth0), total revenue grew 39%.

  • Remaining Performance Obligations (RPO) : RPO, or subscription backlog, was $2.24 billion, an increase of 57% year-over-year. Current RPO, which is contracted subscription revenue expected to be recognized over the next 12 months, was $1.10 billion, up 60% compared to the second quarter of fiscal 2021. On an Okta standalone basis (excluding Auth0), RPO and current RPO increased 42% and 43% year-over-year, respectively.

  • Calculated Billings: Total calculated billings, net of acquired deferred revenue, was $362 million, an increase of 83% year-over-year. Calculated billings includes the effect of billings process improvements that were enacted at the end of the first quarter of fiscal 2022. Excluding these changes, calculated billings would have been $345 million, an increase of 74% year-over-year. On an Okta standalone basis, excluding Auth0 and the effect of the billings process improvements, calculated billings increased 47% year-over-year.

  • GAAP Operating Loss: GAAP operating loss was $263 million, or 83% of total revenue, compared to a GAAP operating loss of $45 million, or 23% of total revenue, in the second quarter of fiscal 2021.

  • Non-GAAP Operating Income/Loss: Non-GAAP operating loss was $25 million, or 8% of total revenue, compared to non-GAAP operating income of $6 million, or 3% of total revenue, in the second quarter of fiscal 2021.

  • GAAP Net Loss: GAAP net loss was $277 million, compared to a GAAP net loss of $60 million in the second quarter of fiscal 2021. GAAP net loss per share was $1.83, compared to a GAAP net loss per share of $0.48 in the second quarter of fiscal 2021. GAAP net loss and GAAP net loss per share include $150 million and $0.99, respectively, attributable to Auth0.

  • Non-GAAP Net Income/Loss: Non-GAAP net loss was $16 million, compared to non-GAAP net income of $10 million in the second quarter of fiscal 2021. Non-GAAP basic and diluted net loss per share was $0.11, compared to non-GAAP basic net income per share of $0.08 and non-GAAP diluted net income per share of $0.07 in the second quarter of fiscal 2021.

  • Cash Flow : Net cash used in operations was $3 million, or (1)% of total revenue, compared to net cash provided by operations of $11 million, or 5% of total revenue, in the second quarter of fiscal 2021. Free cash flow was negative $4 million, or (1)% of total revenue, compared to $7 million, or 3% of total revenue, in the second quarter of fiscal 2021.

  • Cash, cash equivalents, and short-term investments were $2.47 billion at July 31, 2021.

The section titled "Non-GAAP Financial Measures" below contains a description of the non-GAAP financial measures, and reconciliations between GAAP and non-GAAP information are contained in the tables below.

Financial Outlook:

Okta's financial outlook for the third quarter and full year fiscal 2022 includes the expected contribution from the acquisition of Auth0, net of purchase accounting adjustments. The acquisition closed on May 3, 2021.

For the third quarter of fiscal 2022, the Company expects:

  • Total revenue of $325 million to $327 million, representing a growth rate of 50% year-over-year;

  • Non-GAAP operating loss of $35 million to $34 million; and

  • Non-GAAP net loss per share of $0.25 to $0.24, assuming weighted-average shares outstanding of approximately 153 million.

For the full year fiscal 2022, the Company now expects:

  • Total revenue of $1.243 billion to $1.250 billion, representing a growth rate of 49% to 50% year-over-year;

  • Non-GAAP operating loss of $119 million to $114 million; and

  • Non-GAAP net loss per share of $0.77 to $0.74, assuming weighted-average shares outstanding of approximately 147 million.

These statements are forward-looking and actual results may differ materially. Refer to the Forward-Looking Statements safe harbor below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.

Okta has not reconciled its expectations as to non-GAAP operating loss and non-GAAP net loss per share to their most directly comparable GAAP measures because certain items are out of Okta’s control or cannot be reasonably predicted. Accordingly, reconciliations for forward-looking non-GAAP operating loss and non-GAAP net loss per share are not available without unreasonable effort.

Conference Call Information:

Okta will host a live video webcast at 2:00 p.m. Pacific Time on September 1, 2021 to discuss the results and outlook. The news release with the financial results will be accessible from the Company’s website at investor.okta.com prior to the conference call. The live video webcast of the conference call will be accessible from the Okta investor relations website at investor.okta.com .

Supplemental Financial and Other Information:

Supplemental financial and other information can be accessed through the Company’s investor relations website at investor.okta.com .

Non-GAAP Financial Measures:

This press release and the accompanying tables contain the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net margin, non-GAAP net income (loss) per share, basic and diluted, free cash flow, free cash flow margin, current calculated billings and calculated billings. Certain of these non-GAAP financial measures exclude stock-based compensation, non-cash charitable contributions, amortization of acquired intangibles, acquisition and integration-related expenses, amortization of debt discount and debt issuance costs and loss on early extinguishment and conversion of debt.

Okta believes that non-GAAP financial information, when taken collectively with GAAP financial measures, may be helpful to investors because it provides consistency and comparability with past financial performance and assists in comparisons with other companies, some of which use similar non-GAAP financial information to supplement their GAAP results. The non-GAAP financial information is presented for supplemental informational purposes only, and should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly-titled non-GAAP measures used by other companies.

The principal limitation of these non-GAAP financial measures is that they exclude significant expenses that are required by GAAP to be recorded in the Company’s financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgment by the Company's management about which expenses are excluded or included in determining these non-GAAP financial measures. A reconciliation is provided below for each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP.

Okta encourages investors to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate the Company’s business.

Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook, business strategy and plans, market trends and market size, opportunities and positioning and expected benefits that will be derived from the Auth0 transaction. These forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," "shall" and variations of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. For example, the market for our products may develop more slowly than expected or than it has in the past; our results of operations may fluctuate more than expected; there may be significant fluctuations in our results of operations and cash flows related to our revenue recognition or otherwise; the impact of COVID-19, related public health measures and any associated economic downturn on our business and results of operations may be more than we expect; a network or data security incident that allows unauthorized access to our network or data or our customers’ data could damage our reputation; we could experience interruptions or performance problems associated with our technology, including a service outage; we may not be able to pay off our convertible senior notes when due; global economic conditions could deteriorate; we may not achieve expected synergies and efficiencies of operations between Okta and Auth0, and we may not be able to successfully integrate the companies. Further information on potential factors that could affect our financial results is included in our most recent Quarterly Report on Form 10-Q and our other filings with the Securities and Exchange Commission. The forward-looking statements included in this press release represent our views only as of the date of this press release and we assume no obligation and do not intend to update these forward-looking statements.

About Okta

Okta is the leading independent identity provider. The Okta Identity Cloud enables organizations to securely connect the right people to the right technologies at the right time. With more than 7,000 pre-built integrations to applications and infrastructure providers, Okta provides simple and secure access to people and organizations everywhere, giving them the confidence to reach their full potential. More than 13,050 organizations, including JetBlue, Nordstrom, Siemens, Slack, Takeda, Teach for America, and Twilio, trust Okta to help protect the identities of their workforces and customers.

Okta uses its investor.okta.com website as a means of disclosing material non-public information, announcing upcoming investor conferences and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website in addition to following our press releases, SEC filings and public conference calls and webcasts.

OKTA, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(unaudited)
 
  Three Months Ended July 31,   Six Months Ended July 31,
  2021   2020   2021   2020
Revenue:              
Subscription $ 303,121     $ 190,689     $ 543,179     $ 364,470  
Professional services and other 12,379     9,757     23,327     18,835  
Total revenue 315,500     200,446     566,506     383,305  
Cost of revenue:              
Subscription [(1)] 84,457     39,501     136,855     76,658  
Professional services and other [(1)] 16,649     11,646     30,374     22,975  
Total cost of revenue 101,106     51,147     167,229     99,633  
Gross profit 214,394     149,299     399,277     283,672  
Operating expenses:              
Research and development [(1)] 122,407     53,866     191,270     102,360  
Sales and marketing [(1)] 198,350     98,322     344,871     202,365  
General and administrative [(1)] 157,077     42,499     217,257     76,534  
Total operating expenses 477,834     194,687     753,398     381,259  
Operating loss (263,440 )   (45,388 )   (354,121 )   (97,587 )
Interest expense (22,872 )   (16,931 )   (45,632 )   (27,695 )
Interest income and other, net 2,211     3,960     6,566     8,859  
Loss on early extinguishment and conversion of debt (43 )   (2,174 )   (179 )   (2,174 )
Interest and other, net (20,704 )   (15,145 )   (39,245 )   (21,010 )
Loss before provision for (benefit from) income taxes (284,144 )   (60,533 )   (393,366 )   (118,597 )
Provision for (benefit from) income taxes (7,462 )   (433 )   (7,452 )   (835 )
Net loss $ (276,682 )   $ (60,100 )   $ (385,914 )   $ (117,762 )
               
Net loss per share, basic and diluted $ (1.83 )   $ (0.48 )   $ (2.72 )   $ (0.94 )
               
Weighted-average shares used to compute net loss per share, basic and diluted 151,357     126,319     141,720     124,922  
[(1)] Amounts include stock-based compensation expense as follows (in thousands):
  Three Months Ended July 31,   Six Months Ended July 31,
  2021   2020   2021   2020
Cost of subscription revenue $ 13,138     $ 5,164     $ 20,388     $ 9,139  
Cost of professional services and other 3,161     2,000     5,503     3,811  
Research and development 53,332     14,953     73,425     26,888  
Sales and marketing 41,288     13,165     62,354     24,325  
General and administrative 76,795     13,112     90,156     21,959  
Total stock-based compensation expense $ 187,714     $ 48,394     $ 251,826     $ 86,122  
OKTA, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(unaudited)
 
    July 31,   January 31,
    2021   2021
Assets        
Current assets:        
Cash and cash equivalents   $ 225,265     $ 434,607  
Short-term investments   2,243,638     2,121,584  
Accounts receivable, net of allowances   238,478     194,818  
Deferred commissions   54,526     45,949  
Prepaid expenses and other current assets   115,251     81,609  
Total current assets   2,877,158     2,878,567  
Property and equipment, net   61,858     62,783  
Operating lease right-of-use assets   146,492     149,604  
Deferred commissions, noncurrent   129,671     108,555  
Intangible assets, net   337,786     27,009  
Goodwill   5,338,116     48,023  
Other assets   41,014     24,256  
Total assets   $ 8,932,095     $ 3,298,797  
Liabilities and stockholders' equity        
Current liabilities:        
Accounts payable   $ 9,414     $ 8,557  
Accrued expenses and other current liabilities   80,463     53,729  
Accrued compensation   85,126     71,906  
Convertible senior notes, net   15,723     908,684  
Deferred revenue   721,808     502,738  
Total current liabilities   912,534     1,545,614  
Convertible senior notes, net, noncurrent   1,772,511     857,387  
Operating lease liabilities, noncurrent   171,141     179,518  
Deferred revenue, noncurrent   15,489     10,860  
Other liabilities, noncurrent   18,230     11,375  
Total liabilities   2,889,905     2,604,754  
         
Stockholders’ equity:        
Preferred stock        
Class A common stock   15     12  
Class B common stock   1     1  
Additional paid-in capital   7,391,169     1,656,096  
Accumulated other comprehensive income   4,375     5,390  
Accumulated deficit   (1,353,370 )   (967,456 )
Total stockholders’ equity   6,042,190     694,043  
Total liabilities and stockholders' equity   $ 8,932,095     $ 3,298,797  
OKTA, INC.
SUMMARY OF CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(unaudited)
 
  Six Months Ended July 31,
  2021   2020
Cash flows from operating activities:      
Net loss $ (385,914 )   $ (117,762 )
Adjustments to reconcile net loss to net cash provided by operating activities:      
Stock-based compensation 251,826     86,106  
Depreciation, amortization and accretion 44,903     12,691  
Amortization of debt discount and issuance costs 42,780     26,330  
Amortization of deferred commissions 25,135     18,077  
Deferred income taxes (11,506 )   (1,915 )
Non-cash charitable contributions 3,663     2,417  
Loss on early extinguishment and conversion of debt 179     2,174  
Other, net (5,561 )   1,435  
Changes in operating assets and liabilities:      
Accounts receivable (14,798 )   18,626  
Deferred commissions (55,102 )   (30,332 )
Prepaid expenses and other assets 718     (7,622 )
Operating lease right-of-use assets 10,732     8,972  
Accounts payable (2,044 )   810  
Accrued compensation (6,507 )   15,045  
Accrued expenses and other liabilities 10,092     (3,131 )
Operating lease liabilities (13,489 )   (7,663 )
Deferred revenue 158,360     25,369  
Net cash provided by operating activities 53,467     49,627  
Cash flows from investing activities:      
Capitalization of internal-use software costs (378 )   (2,326 )
Purchases of property and equipment (4,034 )   (10,669 )
Purchases of securities available for sale and other (923,620 )   (1,029,281 )
Proceeds from maturities and redemption of securities available for sale 763,607     280,395  
Proceeds from sales of securities available for sale and other 906     89,620  
Payments for business acquisition, net of cash acquired (148,042 )    
Net cash used in investing activities (311,561 )   (672,261 )
Cash flows from financing activities:      
Proceeds from issuance of convertible senior notes, net of issuance costs     1,135,418  
Payments for repurchases and conversions of convertible senior notes (15 )   (181 )
Proceeds from hedges related to convertible senior notes 2     195,046  
Payments for warrants related to convertible senior notes     (175,399 )
Purchases of capped calls related to convertible senior notes     (133,975 )
Proceeds from stock option exercises 31,829     27,517  
Proceeds from shares issued in connection with employee stock purchase plan 17,417     12,821  
Net cash provided by financing activities 49,233     1,061,247  
Effects of changes in foreign currency exchange rates on cash, cash equivalents and restricted cash 193     578  
Net increase (decrease) in cash, cash equivalents and restricted cash (208,668 )   439,191  
Cash, cash equivalents and restricted cash at beginning of period 448,630     531,953  
Cash, cash equivalents and restricted cash at end of period $ 239,962     $ 971,144  

OKTA, INC. Reconciliation of GAAP to Non-GAAP Data (In thousands, except percentages and per share data)
(unaudited)

Non-GAAP Gross Profit and Non-GAAP Gross Margin

We define Non-GAAP gross profit and Non-GAAP gross margin as GAAP gross profit and GAAP gross margin, adjusted for stock-based compensation expense included in cost of revenue, amortization of acquired intangibles and acquisition and integration-related expenses.

  Three Months Ended July 31,   Six Months Ended July 31,
  2021   2020   2021   2020
Gross profit $ 214,394     $ 149,299     $ 399,277     $ 283,672  
Add:              
Stock-based compensation expense included in cost of revenue [(1)] 16,299     7,164     25,891     12,950  
Amortization of acquired intangibles 10,128     1,594     11,721     3,187  
Acquisition and integration-related expenses [(2)] 658         658      
Non-GAAP gross profit $ 241,479     $ 158,057     $ 437,547     $ 299,809  
Gross margin 68 %   74 %   70 %   74 %
Non-GAAP gross margin 77 %   79 %   77 %   78 %
[(1)] See table in footnote (1) to the condensed consolidated statements of operations above for breakdown of stock-based compensation expense by line item.
[(2)] Acquisition and integration-related expenses include transaction costs and other non-recurring incremental costs incurred through the one-year anniversary of transaction close.

Non-GAAP Operating Income (Loss) and Non-GAAP Operating Margin

We define Non-GAAP operating income (loss) and Non-GAAP operating margin as GAAP operating loss and GAAP operating margin, adjusted for stock-based compensation expense, non-cash charitable contributions, amortization of acquired intangibles and acquisition and integration-related expenses.

  Three Months Ended July 31,   Six Months Ended July 31,
  2021   2020   2021   2020
Operating loss $ (263,440 )   $ (45,388 )   $ (354,121 )   $ (97,587 )
Add:              
Stock-based compensation expense [(1)] 187,714     48,394     251,826     86,122  
Non-cash charitable contributions 1,639     1,881     3,663     2,417  
Amortization of acquired intangibles 19,998     1,594     21,591     3,187  
Acquisition and integration-related expenses [(2)] 29,550         36,604      
Non-GAAP operating income (loss) $ (24,539 )   $ 6,481     $ (40,437 )   $ (5,861 )
Operating margin (83 )%   (23 )%   (63 )%   (25 )%
Non-GAAP operating margin (8 )%   3 %   (7 )%   (2 )%
[(1)] See table in footnote (1) to the condensed consolidated statements of operations above for breakdown of stock-based compensation expense by line item.
[(2)] Acquisition and integration-related expenses include transaction costs and other non-recurring incremental costs incurred through the one-year anniversary of transaction close.

Non-GAAP Net Income (Loss), Non-GAAP Net Margin and Non-GAAP Net Income (Loss) Per Share, Basic and Diluted

We define Non-GAAP net income (loss) and Non-GAAP net margin as GAAP net loss and GAAP net margin, adjusted for stock-based compensation expense, non-cash charitable contributions, amortization of acquired intangibles, acquisition and integration-related expenses, amortization of debt discount and debt issuance costs and loss on early extinguishment and conversion of debt.

We define Non-GAAP net income (loss) per share, basic, as Non-GAAP net income (loss) divided by GAAP weighted-average shares used to compute net loss per share, basic and diluted.

We define Non-GAAP net income (loss) per share, diluted, as Non-GAAP net income (loss) divided by GAAP weighted-average shares used to compute net loss per share, basic and diluted adjusted for the potentially dilutive effect of (i) employee equity incentive plans, excluding the impact of unrecognized stock-based compensation expense, and (ii) convertible senior notes outstanding and related warrants. In addition, Non-GAAP net income (loss) per share, diluted, includes the anti-dilutive impact of the Company’s note hedge and capped call agreements on convertible senior notes outstanding. Accordingly, the Company did not record any adjustments to Non-GAAP net income (loss) for the potential impact of the convertible senior notes outstanding under the if-converted method.

  Three Months Ended July 31,   Six Months Ended July 31,
  2021   2020   2021   2020
Net loss $ (276,682 )   $ (60,100 )   $ (385,914 )   $ (117,762 )
Add:              
Stock-based compensation expense [(1)] 187,714     48,394     251,826     86,122  
Non-cash charitable contributions 1,639     1,881     3,663     2,417  
Amortization of acquired intangibles 19,998     1,594     21,591     3,187  
Acquisition and integration-related expenses [(2)] 29,550         36,604      
Amortization of debt discount and debt issuance costs 21,449     15,973     42,780     26,330  
Loss on early extinguishment and conversion of debt 43     2,174     179     2,174  
Non-GAAP net income (loss) $ (16,289 )   $ 9,916     $ (29,271 )   $ 2,468  
               
Net margin (88 )%   (30 )%   (68 )%   (31 )%
Non-GAAP net margin (5 )%   5 %   (5 )%   1 %
               
Weighted-average shares used to compute net loss per share, basic and diluted 151,357     126,319     141,720     124,922  
Non-GAAP weighted-average effect of potentially dilutive securities     15,936         16,281  
Non-GAAP weighted-average shares used to compute non-GAAP net income (loss) per share, diluted 151,357     142,255     141,720     141,203  
               
Net loss per share, basic and diluted $ (1.83 )   $ (0.48 )   $ (2.72 )   $ (0.94 )
Non-GAAP net income (loss) per share, basic $ (0.11 )   $ 0.08     $ (0.21 )   $ 0.02  
Non-GAAP net income (loss) per share, diluted $ (0.11 )   $ 0.07     $ (0.21 )   $ 0.02  
[(1)] See table in footnote (1) to the condensed consolidated statements of operations above for breakdown of stock-based compensation expense by line item.
[(2)] Acquisition and integration-related expenses include transaction costs and other non-recurring incremental costs incurred through the one-year anniversary of transaction close.

OKTA, INC. Reconciliation of GAAP to Non-GAAP Financial Measures (In thousands, except percentages)
(unaudited)

Free Cash Flow and Free Cash Flow Margin

We define Free cash flow as net cash provided by operating activities, less cash used for purchases of property and equipment and capitalized internal-use software costs. Free cash flow margin is calculated as Free cash flow divided by total revenue.

  Three Months Ended July 31,   Six Months Ended July 31,
  2021   2020   2021   2020
Net cash provided by (used in) operating activities $ (2,608 )   $ 10,930     $ 53,467     $ 49,627  
Less:              
Purchases of property and equipment (775 )   (2,739 )   (4,034 )   (10,669 )
Capitalization of internal-use software costs (368 )   (1,326 )   (378 )   (2,326 )
Free cash flow $ (3,751 )   $ 6,865     $ 49,055     $ 36,632  
Net cash used in investing activities $ (463,466 )   $ (722,865 )   $ (311,561 )   $ (672,261 )
Net cash provided by financing activities $ 33,054     $ 1,047,080     $ 49,233     $ 1,061,247  
Free cash flow margin (1 )%   3 %   9 %   10 %

Calculated Billings

We define Calculated billings as total revenue plus the change in deferred revenue, net of acquired deferred revenue, and less the change in unbilled receivables, net of acquired unbilled receivables, in the period.

  Three Months Ended July 31,   Six Months Ended July 31,
  2021   2020   2021   2020
Total revenue $ 315,500     $ 200,446     $ 566,506     $ 383,305  
Add:              
Unbilled receivables, current (beginning of period) 894     1,121     2,604     1,026  
Acquired unbilled receivables, current 2,327         2,327      
Deferred revenue, current (end of period) 721,808     391,246     721,808     391,246  
Less:              
Unbilled receivables, current (end of period) (3,409 )   (2,113 )   (3,409 )   (2,113 )
Deferred revenue, current (beginning of period) (613,167 )   (392,121 )   (502,738 )   (365,236 )
Acquired deferred revenue, current (60,522 )       (60,522 )    
Current calculated billings 363,431     198,579     726,576     408,228  
Add:              
Deferred revenue, noncurrent (end of period) 15,489     5,574     15,489     5,574  
Less:              
Deferred revenue, noncurrent (beginning of period) (11,745 )   (6,070 )   (10,860 )   (6,214 )
Acquired deferred revenue, noncurrent (4,817 )       (4,817 )    
Calculated billings $ 362,358     $ 198,083     $ 726,388     $ 407,588  

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20210901005225/en/

SOURCE: Okta, Inc.

Investor Contact:
Dave Gennarelli
investor@okta.com Media Contact:
Adam Simons
press@okta.com

COMTEX_392586629/2456/2021-09-01T16:01:22

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/zigman2/quotes/210420951/composite
US : U.S.: Nasdaq
$ 257.71
-2.21 -0.85%
Volume: 981,465
Oct. 19, 2021 4:00p
P/E Ratio
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Dividend Yield
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Market Cap
$40.20 billion
Rev. per Employee
$297,728
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