$OKTA (+0,56%) Q3 Earnings Highlights:
🔹 Non-GAAP EPS: $0.67 (Est. $0.58) 🟢
🔹 Revenue: $665M (Est. $649.7M) 🟢; UP +14% YoY
🔹 Subscription Revenue: $651M (Est. $634.7M) 🟢; UP +14% YoY
Q4 Guidance:
🔹 Revenue: $667M-$669M (Est. $651.3M) 🟢
🔹 Current RPO: $2.13B-$2.135B (Est. $2.12B) 🟡
🔹 Non-GAAP Operating Income: $154M-$156M; Operating Margin: 23%
🔹 Non-GAAP EPS: $0.73-$0.74 (Est. $0.67) 🟢
🔹 Non-GAAP Free Cash Flow Margin: ~32%
FY25 Guidance:
🔹 Revenue: $2.595B-$2.597B (Est. $2.56B-$2.57B) 🟡; Growth of +15% YoY
🔹 Non-GAAP Operating Income: $573M-$575M; Operating Margin: 22%
🔹 Non-GAAP EPS: $2.75-$2.76 (Est. $2.58-$2.63) 🟡
🔹 Non-GAAP Free Cash Flow Margin: ~25%
Key Q3 Metrics:
🔹 RPO: $3.659B (Est. $3.50B) 🟢; UP +19% YoY
🔹 Current RPO: $2.062B (Est. $1.99B) 🟢; UP +13% YoY
🔹 GAAP Operating Loss: $16M (-2% of revenue); Improved from -$111M (-19% of revenue) YoY
🔹 Non-GAAP Operating Income: $138M (Est. ~$121M) 🟢; 21% of revenue; UP +62% YoY
🔹 Operating Cash Flow: $159M (Est. $135.7M) 🟢; 24% of revenue
🔹 Free Cash Flow: $154M (23% of revenue); UP from $150M YoY
Operational Metrics:
🔹 Deferred Revenue: $1.44B (Est. $1.44B) 🟡
🔹 Billings: $677.5M (Est. $677.5M) 🟡
Key Highlights:
🔸 GAAP net income: $16M, compared to a net loss of -$81M YoY
🔸 Strong improvement in non-GAAP operating margins, reaching 21% from 15% YoY
🔸 Cash, cash equivalents, and short-term investments totaled $2.248B as of October 31, 2024
CEO Todd McKinnon’s Commentary:
🔸 "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."