Okta Reports 53 Percent Subscription Revenue Growth for Q4 of FY 2019

It took more than luck for independent identity provider Okta (NASDAQ: Okta) to grow fourth quarter subscription revenue by 53 percent and full year

It took more than luck for independent identity provider Okta (NASDAQ: Okta) to grow fourth quarter subscription revenue by 53 percent and full year subscription revenue by 57 percent for fiscal year 2019 for the period ended January 31, 2019. Among the quarter's highlights are total revenue of $115.5 million, a 50 percent increase year-over-year. Subscription revenue was $108.5 million, representing 94 percent of total revenue. Full year revenue was $399 million, a 56 percent increase year-over-year....

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Filed in Auto-renew Subscription, Business Operations, Consumer Services, FInance, News, Product Development, SaaS and Cloud Services, Subscription Apps

Dana E. Neuts

Dana Neuts is Subscription Insider's Editorial Director, covering our daily subscription news as well as member features, case studies, premium content, and reports. Dana is also a writer, editor, marketer and communications professional. Her work has appeared in AARP Bulletin, The Seattle Times, Seattle Business, 425 Business, 425 Magazine, South Sound Magazine, Northwest Travel and more. Her specialties include business writing, community news, senior issues, travel and, of course, subscriptions!