Okta: The Turnaround Is Underway (Ratings Upgrade)

FY25 Q1 Presentation OKTA saw current remaining performance obligations grow 15% YoY to $1.949 billion, surpassing guidance for 13% growth. That strong result may indicate that revenue growth should remain in the double-digits at least in the near term. RPO Up 14% Y/Y; Current RPO Up 15% Y/Y ($ in millions) $3,073$ 3,027 $3,007$ 2,942 $2,853$ 2,790 $2,710$ 1,952 $1,826$ 1,772 $1,701$ 1,684 $1,579$ 1,497 $1,413 Q1 FY24 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q2 FY24 Q3 FY24 Q4 FY24 ■ Current RPO ■ Non-Current RPO Qu ...