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Okta Rides on Strong Subscription Revenue Growth: More Upside Ahead?
ZACKS· 2026-03-27 16:15
Key Takeaways Okta reported Q4 subscription revenues up 11.5%, accounting for 98.2% of total revenues.New products drove ~30% of bookings and lifted deal values by about 40% via cross-selling. OKTA saw strong enterprise demand, with $1.3B TCV and more than $3B in ACV. Okta’s (OKTA) fourth-quarter fiscal 2026 subscription revenues increased 11.5% year over year and accounted for 98.2% of total revenues. The company is benefiting from an expanding portfolio. New offerings, including Okta Identity Governance, ...