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Stock impact report

Okta's Momentum Picks Up After a Strong Q4 Report [The Motley Fool]

Okta, Inc. - Class A (OKTA) 
Last okta, inc. - class a earnings: 3/5 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.okta.com
Company Research Source: The Motley Fool
Okta's Momentum Picks Up After a Strong Q4 Report The cloud-based identity and security provider delivered an impressive fourth-quarter report. Okta ( NASDAQ:OKTA ) , the cloud-based identity-for-the-enterprise specialist, turned in one of its strongest quarters yet on Thursday. The SaaS company said revenue in the quarter rose 45% to $167.3 million, which was well ahead of its own guidance at $155-$156 million and analyst estimates of $155.9 million. Revenue from subscriptions grew 46% in the quarter to $158.5 million as the company continues to attract new customers and expand current relationships. Performance improved on the bottom line as well, and the company finished the year with free cash flow of $36.3 million, up from a loss of $6.8 million in 2018, marking its first year with positive free cash flow. For the quarter it reported an adjusted loss of just $0.01, ahead of the company's own guidance for a loss of $0.05 to $0.04 and the analyst consensus of a loss of $0.05. Bel Show less Read more
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