Okta’s Q4 EPS Beats by 6.36%, Revenue Rises 11.6% to $761M
Okta posted fiscal Q4 non-GAAP EPS of $0.90, beating estimates by 6.36%, and revenue rose 11.6% year over year to $761 million. Remaining performance obligations climbed 15% to $4.83 billion and the stock jumped over 10% on earnings strength during a market sell-off driven by oil prices.
1. Fiscal Q4 Earnings Beat
Okta reported fiscal fourth-quarter non-GAAP EPS of $0.90, surpassing estimates by 6.36%, and delivered revenues of $761 million, up 11.6% year over year driven by subscription revenue growth.
2. Order Book and RPO Growth
Remaining performance obligations increased 15% year over year to $4.83 billion, with current RPO set to $2.51 billion, reflecting strong contracted revenue visibility.
3. Margin Expansion and Cash Flow
Non-GAAP gross margin rose 20 basis points to 82% and operating margin expanded 190 basis points to 26.5%, while free cash flow reached $252 million on a $2.55 billion cash balance.
4. Stock Performance in Market Sell-off
The stock jumped over 10% to become the session’s third-largest gainer during broader market declines driven by oil prices hitting $79.7 per barrel.