Okta beats by $0.09, beats on revs; guides Q4 EPS above consensus, revs above consensus
- Reports Q3 (Oct) earnings of $0.67 per share, $0.09 better than the FactSet Consensus of $0.58; revenues rose 13.9% year/year to $665 mln vs the $649.74 mln FactSet Consensus.
- RPO, or subscription backlog, was $3.659 billion, an increase of 19% year-over-year. cRPO, which represents subscription backlog expected to be recognized over the next 12 months, was $2.062 billion, up 13% compared to the third quarter of fiscal 2024.
- Co issues upside guidance for Q4, sees EPS of $0.73-$0.74, excluding non-recurring items, vs. $0.67 FactSet Consensus; sees Q4 revs of $667-$669 mln vs. $651.29 mln FactSet Consensus. Sees Current RPO of $2.130 billion to $2.135 billion, representing a growth rate of 9% year-over-year.
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