Okta Reports 53 Percent Subscription Revenue Growth for Q4 of FY 2019
And 57 percent subscription growth for fiscal year 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 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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