Okta Earnings Report Reveals 4 Key Insights for Investors
Okta's Operating Momentum
The cybersecurity market is set to grow, and Okta (NASDAQ: OKTA) is impressing investors.
1. Subscription growth
Okta capitalized on the surge in software-infrastructure businesses with a 19% increase in reported sales and a 20% jump in subscription-based revenue.
2. Soaring cash flow
Cash flow doubled in Q4 to $174 million, enhancing Okta's growth prospects.
3. Higher non-GAAP margins
The company's path to profitability is evident as net losses decrease and non-GAAP margins improve.
4. Solid backlog
The backlog rose by 16% signaling continued growth for Okta and an optimistic revenue forecast.
Despite concerns about slower sales gains, investors view Okta as a promising but slightly expensive investment.
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