Octa (NASDAQ: OKTA) is [5.2459004] an increase of 5.2% after a narrower loss than expected in the first quarter.
Gross profit increased by 51.4% on revenue, which rose 49.8%.
Higher operating costs led to a higher operating loss of $ 51.8 million. from a year ago $ 24.98 million
Net loss increased correspondingly to $ 51.97 million. from $ 25.96 million
"We are pleased with the strong start to fiscal year with 52% annual growth in subscription revenues driven by our business customer acceleration," says CEO Todd McKinnon.
Revenue Break: Subscription, 1
In Q2, it is indicative of $ 130M- $ 131M (growth of 37-38%), a non-GAAP operating loss of $ 14.9 million to $ 13.9 million and EPS of – $ 0.11 to – $ 0.10
For the full year, it expects total revenue of $ 543 million – $ 548 million (growth of 36-37%), losses of $ 67 million to $ 62 million $ 0.49 to – $ 0.45
Conference call at 17.00 ET
Previous: Octa EPS beats $ 0 , 02, turn on revenue (May 30, 2019)