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Octa + 5.2% due to less losses than expected for Q1 – Okta, Inc. (NASDAQ: OKTA)



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

17.2 Million Professional Services and others, $ 8.1 million (up 18.9%).

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)

Press release


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