Okta (NASDAQ:OKTA) +3.1% reports Q4 beats with mixed guidance for Q1 and FY21.
The Q1 outlook has revenue of $171-173M (consensus: $166.2M), loss per share of $0.24-0.23 (consensus: $0.14 loss), and an operating loss of $33.2-32.2M.
For FY21, Okta sees $770-780M in revenue (consensus: $760.8M), loss per share of $0.42-0.37 (consensus: $0.28 loss), and operating loss of $65-57M.
Subscription revenue totaled $158.5M, up 46% Y/Y.
Remaining performance obligations grew 66^ to $1.21B.
Calculated billings were up 42% to $225M.
Cash from operations came in at $24.8M with FCF of $18.1M.
Adjusted operating margin was -3.3% compared to the -4.3% in last year's quarter.
R&D expenses grew 44% Y/Y to $43.4M.
Source Seeking Alpha
The Q1 outlook has revenue of $171-173M (consensus: $166.2M), loss per share of $0.24-0.23 (consensus: $0.14 loss), and an operating loss of $33.2-32.2M.
For FY21, Okta sees $770-780M in revenue (consensus: $760.8M), loss per share of $0.42-0.37 (consensus: $0.28 loss), and operating loss of $65-57M.
Subscription revenue totaled $158.5M, up 46% Y/Y.
Remaining performance obligations grew 66^ to $1.21B.
Calculated billings were up 42% to $225M.
Cash from operations came in at $24.8M with FCF of $18.1M.
Adjusted operating margin was -3.3% compared to the -4.3% in last year's quarter.
R&D expenses grew 44% Y/Y to $43.4M.
Source Seeking Alpha
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.