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The Daily Earnings Reports Podcast is your go-to podcast for the latest corporate financial news. Every trading day, we dive deep into the earnings reports of publicly traded companies, breaking down key metrics, analyzing market reactions, and offering expert insights. Stay informed, make informed investment decisions, and gain a competitive edge in the dynamic world of finance.
Episodes
Friday Dec 06, 2024
Friday Dec 06, 2024
Key Highlights:
- Revenue Growth: Total revenue increased 14% year-over-year to $665 million, with subscription revenue also growing 14% to $651 million.
- RPO Growth: Remaining Performance Obligations (RPO) grew 19% year-over-year to $3.659 billion, indicating continued strong demand for Okta's solutions. Current RPO (cRPO), representing expected revenue over the next 12 months, grew 13% to $2.062 billion.
- Profitability: Non-GAAP operating income reached $138 million, a 21% operating margin, significantly exceeding the $85 million (15% margin) reported in the same period last year.
- Cash Flow: Operating cash flow remained robust at $159 million, representing 24% of total revenue. Free cash flow was $154 million, translating to a 23% margin.
- Share Repurchases: Okta repurchased a total of $257 million in convertible senior notes during the quarter, generating a $16 million gain on early extinguishment of debt.
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