Okta (OKTA) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - Okta reported revenue of $682 million for the quarter ended January 2025, reflecting a year-over-year increase of 12.7% [1] - The company's EPS was $0.78, up from $0.63 in the same quarter last year, exceeding the consensus estimate of $0.73 by 6.85% [1] - The revenue surpassed the Zacks Consensus Estimate of $668.8 million, resulting in a surprise of 1.97% [1] Financial Metrics - Remaining performance obligations stood at $4.22 billion, exceeding the five-analyst average estimate of $3.83 billion [4] - Current remaining performance obligations (cRPO) were reported at $2.25 billion, compared to the average estimate of $2.14 billion [4] - Total customers reached 19,650, slightly below the average estimate of 19,810 [4] - The TTM Dollar Based Net Retention Rate was 107%, matching the average estimate [4] - Subscription revenue was $670 million, surpassing the average estimate of $654.53 million, representing a year-over-year increase of 13.4% [4] - Revenue from professional services and other was $12 million, below the average estimate of $13.78 million, indicating a year-over-year decline of 14.3% [4] Stock Performance - Okta's shares have returned -4% over the past month, compared to a -1.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), suggesting potential outperformance against the broader market in the near term [3]