Investor Presentation: https://investor.okta.com/static-files/6138b477-53ab-4bde-b2…
Okta Announces Strong Fourth Quarter and Fiscal 2020 Financial Results
March 5, 2020
Q4 revenue grew 45% year-over-year; subscription revenue grew 46% year-over-year
Remaining performance obligations, or subscription revenue backlog, grew 66% year-over-year
Achieved positive operating and free cash flows for fiscal 2020
SAN FRANCISCO–(BUSINESS WIRE)-- Okta, Inc. (NASDAQ: OKTA), the leading independent provider of identity for the enterprise, today announced financial results for its fourth quarter and fiscal year ended January 31, 2020.
“Our strong fourth quarter performance caps another fantastic year of growth and expansion,” said Todd McKinnon, Chief Executive Officer and co-founder of Okta. “We continue to post industry leading growth for subscription revenue, remaining performance obligations, and billings, while achieving positive operating and free cash flows for the year. Our unparalleled cloud-based platform and continued execution is allowing us to achieve this exceptional growth at scale. We’re still in the early days of a massive addressable market to modernize identity for the workforce and customers and we are in the leading position to capitalize on the opportunity for many years to come.”