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      • Okta Inc. (NASDAQ: OKTA) is set for 20% cash flow growth over the coming 5 years driven by trends such as the increasing shift towards cloud services and the prevalence of remote work, which continues to push increased demand for their identity management solutions.
      seekingalpha.com › article › 4667438-okta-rapid-growth-but-slightly-too-expensive
  1. Q4 revenue grew 19% year-over-year; subscription revenue grew 20% year-over-year. Current remaining performance obligations (cRPO) grew 16% year-over-year to $1.952 billion. Record operating cash flow of $174 million and free cash flow of $166 million.

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  3. Q1 revenue grew 19% year-over-year; subscription revenue grew 20% year-over-year. Current remaining performance obligations (cRPO) grew 15% year-over-year to $1.949 billion. Record operating cash flow of $219 million and free cash flow of $214 million.

  4. Mar 7, 2024 · Okta is calling for slower sales gains of about 10% in 2025 compared to this past year's 22% spike. Cash flow will be solidly positive but will also worsen slightly as a percentage of...

  5. Feb 28, 2024 · Non-GAAP basic and diluted net income per share were $1.75 and $1.60, compared to non-GAAP basic and diluted net loss per share of $0.04 for fiscal 2023. Cash Flow: Net cash provided by...

    • A Bigger Business
    • Okta's Earnings and Cash Flow
    • Looking Further Ahead

    Okta is likely to have a much bigger sales footprint in a few years. Sure, its $6.5 billion Auth0 acquisition has created a few headaches in areas like marketing, sales, and branding. "Integrations are always difficult," CEO Todd McKinnon said back in late August when he explained why Okta had underperformed management's fiscal 2023 second-quarter ...

    Okta also trails Palo Alto Networks and Zoom when it comes to profitability. In fact, it reported an expanding net loss last quarter, while many of its peers showed steady or expanding profit margins. OKTA Cash from Operations (TTM) data by YCharts In response, Okta plans to slow its hiring and reduce spending over the next several quarters, which ...

    The company is currently reevaluating its fiscal 2026 targets. Previously, management had envisioned Okta crossing the $4 billion annual sales mark by then, which would have required compound annual growth of more than 35% over the next three years. The company also aimed to convert at least 20% of those sales into free cash flow by that time, up f...

  6. Feb 5, 2024 · Okta Inc. ( NASDAQ: OKTA) is set for 20% cash flow growth over the coming 5 years driven by trends such as the increasing shift towards cloud services and the prevalence of remote work, which...

  7. Feb 29, 2024 · This implies that compared with the year just finished, Okta will be delivering more than 60% increase in free cash flow. Given all this, the stock is priced at 23x forward free cash flows.

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