Okta Inc (NASDAQ:OKTA) reported fourth-quarter financial results after the market close on Monday. Here’s a look at the key metrics from the quarter.
Q4 Earnings: Okta reported fourth-quarter revenue of $682 million, beating analyst estimates of $669.46 million, according to Benzinga Pro. The cloud-native cybersecurity company reported adjusted earnings of 78 cents per share, beating analyst estimates of 74 cents per share.
Total revenue and subscription revenue were both up 13% on a year-over-year basis. Remaining performance obligations totaled $4.215 billion at quarter’s end, up 25% year-over-year.
Net cash provided by operations was $286 million, up from $174 million in the prior year’s quarter. The company generated free cash flow of $284 million in the quarter, up from $166 …
