Okta reported a 12% year-over-year growth in Q3 revenue, with subscription revenue up by 11%.
The company's Remaining Performance Obligations (RPO) increased by 17% year-over-year, and current RPO grew by 13%.
Operating cash flow reached $218 million, and free cash flow was $211 million.
Revenue Growth
Total revenue increased by 12% year-over-year, reaching $742 million.
Cash Flow Strength
Operating cash flow amounted to $218 million, representing 29% of total revenue.
Future Outlook
Okta expects a total revenue of $748-750 million for Q4, with non-GAAP operating income of $189-191 million.
- Okta's strong financial performance in Q3 indicates continued growth and market stability.
- The increase in subscription revenue and RPO reflects the company's ability to attract and retain customers.
- Operating cash flow and free cash flow demonstrate Okta's efficient financial management and profitability.
Overall, Okta's Q3 results showcase a robust financial performance, positioning the company for continued success in the upcoming quarters.