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.