December 12, 2018

Last Wednesday, Okta (NASDAQ: OKTA), a San Francisco-based identity software provider, reported record revenue for the third quarter of fiscal year 2019 for the period ended October 31, 2018. Okta reported total revenue of $105.6 million, a 58 percent increase over the same period last year. Subscription revenue was $97.7 million, also a 58 percent increase year-over-year. Subscription revenue currently represents 92.5 percent of total revenue for the SaaS company. Professional services and other make up the remaining $7.9 million of revenue, or 7.5 percent.