2Settimanaยท

$OKTA (+0,68%) Q3 Earnings Highlights:


๐Ÿ”น Non-GAAP EPS: $0.67 (Est. $0.58) ๐ŸŸข

๐Ÿ”น Revenue: $665M (Est. $649.7M) ๐ŸŸข; UP +14% YoY

๐Ÿ”น Subscription Revenue: $651M (Est. $634.7M) ๐ŸŸข; UP +14% YoY


Q4 Guidance:

๐Ÿ”น Revenue: $667M-$669M (Est. $651.3M) ๐ŸŸข

๐Ÿ”น Current RPO: $2.13B-$2.135B (Est. $2.12B) ๐ŸŸก

๐Ÿ”น Non-GAAP Operating Income: $154M-$156M; Operating Margin: 23%

๐Ÿ”น Non-GAAP EPS: $0.73-$0.74 (Est. $0.67) ๐ŸŸข

๐Ÿ”น Non-GAAP Free Cash Flow Margin: ~32%


FY25 Guidance:

๐Ÿ”น Revenue: $2.595B-$2.597B (Est. $2.56B-$2.57B) ๐ŸŸก; Growth of +15% YoY

๐Ÿ”น Non-GAAP Operating Income: $573M-$575M; Operating Margin: 22%

๐Ÿ”น Non-GAAP EPS: $2.75-$2.76 (Est. $2.58-$2.63) ๐ŸŸก

๐Ÿ”น Non-GAAP Free Cash Flow Margin: ~25%


Key Q3 Metrics:

๐Ÿ”น RPO: $3.659B (Est. $3.50B) ๐ŸŸข; UP +19% YoY

๐Ÿ”น Current RPO: $2.062B (Est. $1.99B) ๐ŸŸข; UP +13% YoY

๐Ÿ”น GAAP Operating Loss: $16M (-2% of revenue); Improved from -$111M (-19% of revenue) YoY

๐Ÿ”น Non-GAAP Operating Income: $138M (Est. ~$121M) ๐ŸŸข; 21% of revenue; UP +62% YoY

๐Ÿ”น Operating Cash Flow: $159M (Est. $135.7M) ๐ŸŸข; 24% of revenue

๐Ÿ”น Free Cash Flow: $154M (23% of revenue); UP from $150M YoY


Operational Metrics:

๐Ÿ”น Deferred Revenue: $1.44B (Est. $1.44B) ๐ŸŸก

๐Ÿ”น Billings: $677.5M (Est. $677.5M) ๐ŸŸก


Key Highlights:

๐Ÿ”ธ GAAP net income: $16M, compared to a net loss of -$81M YoY

๐Ÿ”ธ Strong improvement in non-GAAP operating margins, reaching 21% from 15% YoY

๐Ÿ”ธ Cash, cash equivalents, and short-term investments totaled $2.248B as of October 31, 2024


CEO Todd McKinnonโ€™s Commentary:

๐Ÿ”ธ "Our solid Q3 results were underpinned by continued strong profitability and cash flow. Investments in our partner ecosystem, public sector vertical, and large customers are yielding results, driving meaningful top-line growth. Our innovation in identity security continues to resonate with customers seeking to modernize their identity infrastructure."

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