Okta Reports 59 Percent Subscription Growth in Q2 for FY2019
The company also saw growth in customers with annual recurring revenue over $100,000, a 55 percent increase year-over-year.
Okta (NASDAQ: OKTA) may not be a household name now, but it could be based on the company’s financial results for its second fiscal quarter of 2019 for the period ended July 31, 2018. Among the enterprise-grade, cloud-based identity management service’s impressive results is total revenue of $94.6 million, a 57 percent increase year-over-year and subscription revenue of $87.9 million, a 59 percent increase year-over-year.
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