Okta, Inc.


SKU: OKTA-1 Category:


Okta delivered a solid result and managed an all-around beat in the last quarter. Although macroeconomic factors, such as a modest FX revenue headwind, continue to affect its business, Okta thinks the environment stabilized in Q2. The pipeline build was also strong. However, the new pipeline is still heavily weighted toward upsells. Okta also saw continued progress in KPIs relating to its go-to-market team, such as average tenure and a climb in the number of sales reps closing Workforce Identity and Customer Identity agreements. The second quarter’s total revenue rise was 23%, driven by a 24% increase in subscription revenue. Subscription revenue accounted for 97% of overall revenue. International revenue increased 18% and accounted for 21% of total revenue. Workforce ACV also increased in the quarter. Furthermore, they added 125 customers in Q2 with an ACV of at least $100,000. Gross retention rates remained strong. Later this year, Okta continues to look forward to the launch of Okta Privileged Access, or OPA.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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