- 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
Okta, Inc. (Nasdaq: OKTA), 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/
Investor Contact: Dave Gennarelli investor@okta.com
Media Contact: Adam Simons press@okta.com
Okta (NASDAQ:OKTA)
Historical Stock Chart
From Apr 2024 to May 2024
Okta (NASDAQ:OKTA)
Historical Stock Chart
From May 2023 to May 2024