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Okta Feb-Apr 2021 Financial Results

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Have you ever heard of Okta (ticker symbol: OKTA), a U.S. stock?

It’s a company that provides identity management systems for businesses.

In this article, I would like to introduce the company’s financial results for the period from February to April 2021, which were announced on May 26, 2021.

February to April 2021

EPS: -10¢ vs. -20¢ expected.

Net sales: $251 million vs. $239 million expected.

Sales growth was +37.3% YoY.

Subscription sales were $240 million, up 38% from the same period last year.

Billings were $364 million, up 74%.

The total number of customers was 10,650, up 27% year over year.

The number of large customers with annual sales exceeding $100,000 was 2,075, up 31% from the same period last year.

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