SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Growth Investing

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: JakeStraw12/6/2018 8:10:12 AM
   of 324
 
Okta, Inc. (OKTA) CEO Todd McKinnon on Q3 2019 Results - Earnings Call Transcript
Dec. 5, 2018
seekingalpha.com
Our third fiscal quarter was another outstanding quarter for Okta with total revenue and calculated billings both up 58% year-over-year. We continued to invest across our business, while improving our bottom line. Operating margin improved over 22 points and free cash flow margin improved more than 18 points year-over-year, making us free cash flow positive for the first time. We also had a record quarter in terms of customer growth. We added over 450 new customers in Q3, bringing our total to over 5,600 customers. Even more exciting is the momentum with our largest customers.

We saw 55% growth in customers with over $100,000 in annual recurring revenue, which represents a record 100 net new adds in a quarter. This momentum is an indicator that identity is an increasingly strategic imperative for organizations in every industry and validates Okta’s approach to helping organizations manage all their identities through our independent cloud platform. As a reminder, we address two markets, workforce identity, the identities of employees, contractors and partners; and customer identity, the identities of our customers’ customers.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext