Summary by Moomoo AI
On December 3, 2024, Okta announced its financial results for Q3 FY2025, ending October 31, 2024. The company reported a 14% YoY increase in total revenue, reaching $665 million, with subscription revenue also up 14% YoY to $651 million. Remaining performance obligations grew 19% YoY. GAAP net income was $16 million, compared to a loss of $81 million in the same quarter last year.Okta's non-GAAP operating income rose to $138 million, representing 21% of total revenue, up from $85 million or 15% last year. The company generated $159 million in operating cash flow and $154 million in free cash flow. Okta repurchased $257 million in convertible senior notes, resulting in a $16 million gain.For Q4 FY2025, Okta expects revenue between $667 million and $669 million, with a non-GAAP operating income of $154 million to $156 million. The company projects a non-GAAP diluted net income per share of $0.73 to $0.74, maintaining a strong financial outlook despite a challenging macro environment.
