Okta Inc.
Okta Announces Third Quarter Fiscal 2025 Financial Results
Summary
Okta, Inc. reported its financial results for the third quarter of fiscal 2025 on December 3, 2024, highlighting a 14% year-over-year increase in total revenue to $665 million, driven by a 14% rise in subscription revenue to $651 million. Remaining performance obligations (RPO) grew 19% year-over-year to $3.659 billion, with current RPO up 13% year-over-year. The company also reported GAAP net income of $16 million and non-GAAP net income of $121 million. Okta announced these results in a press release, which was furnished as Exhibit 99.1, and disclosed on its investor relations website in compliance with Regulation FD.
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Exhibits (1)
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About Okta Inc.
Okta Inc. is a leading provider of identity and access management solutions, enabling organizations to securely connect the right people to the right technologies at the right time. Founded in 2009, Okta serves a wide range of industries including healthcare, financial services, technology, and government, providing seamless and secure interactions between users and their increasingly complex IT environments. One of Okta's core offerings is its cloud-based platform, which helps manage and secure user authentication and access across applications, integrating with numerous enterprise systems and services. The platform's versatility supports single sign-on, multi-factor authentication, and API security, enhancing productivity and security simultaneously. Based in San Francisco, California, Okta plays a significant role in the growing cybersecurity and tech ecosystem by addressing the critical need for robust identity management solutions in a digitally evolving world. Its innovative products and services meet the demands of digital transformation, offering organizations the ability to optimize workforce efficiency while ensuring rigorous security measures.
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