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Okta May to July 2021 Financial Results

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Okta (ticker symbol: OKTA) announced its financial results for the period May to July 2021 on September 1, 2021.

Financial results for May to July 2021

EPS: -11¢ vs. -33¢ expected.

Net sales of $316 million versus $293 million expected.

Sales growth rate was +57.7% YoY.

The total number of customers was 13,000, up 46%.

The number of large customers with annual sales of $100,000 or more was 2,610, up 55%.

The overseas sales ratio was 21%. In the same period last year, the ratio was 16%.

Subscription sales were $303 million, up 59% from the same period last year.

Billings were $362 million, up 83%.

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