- Q3 revenue grew 21% year-over-year; subscription revenue grew
22% year-over-year
- Current remaining performance obligations (cRPO) grew 16%
year-over-year to $1.83 billion
- Record operating cash flow of $156 million and record free cash
flow of $150 million
Okta, Inc. (Nasdaq: OKTA), the leading independent identity
partner, today announced financial results for its third quarter
ended October 31, 2023.
“Our Q3 performance was highlighted by solid top-line growth,
record non-GAAP operating profit, and record free cash flow,” said
Todd McKinnon, Chief Executive Officer and co-founder of Okta. "We
are particularly enthusiastic about the adoption of Okta Identity
Governance and the general availability of Okta Privileged Access,
which uniquely positions us as the only unified modern identity
platform. Over 18,800 leading organizations around the world put
their trust in Okta and we are thankful for their continued
partnership."
Third Quarter Fiscal 2024 Financial Highlights:
- Revenue: Total revenue was $584 million, an increase of
21% year-over-year. Subscription revenue was $569 million, an
increase of 22% year-over-year.
- RPO: RPO, or subscription backlog, was $3.07 billion, an
increase of 8% year-over-year. cRPO, which is subscription backlog
expected to be recognized over the next 12 months, was $1.83
billion, up 16% compared to the third quarter of fiscal 2023.
- GAAP Operating Loss: GAAP operating loss was $111
million, or (19)% of total revenue, compared to a GAAP operating
loss of $207 million, or (43)% of total revenue, in the third
quarter of fiscal 2023.
- Non-GAAP Operating Income: Non-GAAP operating income was
a record $85 million, or 15% of total revenue, compared to a
non-GAAP operating income of $0 million, or 0% of total revenue, in
the third quarter of fiscal 2023.
- GAAP Net Loss: GAAP net loss was $81 million, compared
to a GAAP net loss of $209 million in the third quarter of fiscal
2023. GAAP net loss per share was $0.49, compared to a GAAP net
loss per share of $1.32 in the third quarter of fiscal 2023.
- Non-GAAP Net Income/Loss: Non-GAAP net income was $79
million, compared to a non-GAAP net loss of $0 million in the third
quarter of fiscal 2023. Non-GAAP basic and diluted net income per
share were $0.48 and $0.44, respectively, compared to non-GAAP
basic and diluted net loss per share of $0.00 in the third quarter
of fiscal 2023.
- Cash Flow: Net cash provided by operations was a record
$156 million, or 27% of total revenue, compared to net cash
provided by operations of $10 million, or 2% of total revenue, in
the third quarter of fiscal 2023. Free cash flow was a record $150
million, or 26% of total revenue, compared to $6 million, or 1% of
total revenue, in the third quarter of fiscal 2023.
- Cash, cash equivalents, and short-term investments were
$2.13 billion at October 31, 2023. During the quarter, the company
repurchased $150 million principal amount of the convertible senior
notes due in 2026, resulting in a gain on early extinguishment of
debt of $18 million.
The section titled "Non-GAAP Financial Measures" below contains
a description of the non-GAAP financial measures, and
reconciliations between GAAP and non-GAAP information are contained
in the tables below.
Financial Outlook:
All periods factor in a stable, but still challenging macro
environment, as well as the potential impact on our business
related to the October 2023 security incident.
For the fourth quarter of fiscal 2024, the Company expects:
- Total revenue of $585 million to $587 million, representing a
growth rate of 15% year-over-year;
- Current RPO of $1.875 billion to $1.880 billion, representing a
growth rate of 11% to 12% year-over-year;
- Non-GAAP operating income of $102 million to $104 million,
which yields a non-GAAP operating margin of 17% to 18%; and
- Non-GAAP diluted net income per share of $0.50 to $0.51,
assuming diluted weighted-average shares outstanding of
approximately 180 million and a non-GAAP tax rate of 26%.
For the full year fiscal 2024, the Company now expects:
- Total revenue of $2.243 billion to $2.245 billion, representing
a growth rate of 21% year-over-year;
- Non-GAAP operating income of $283 million to $285 million,
which yields a non-GAAP operating margin of 13%;
- Non-GAAP diluted net income per share of $1.47 to $1.48,
assuming diluted weighted-average shares outstanding of
approximately 179 million and a non-GAAP tax rate of 26%; and
- Non-GAAP free cash flow margin of 19%.
Preliminary outlook for fiscal 2025:
- Total revenue of $2.460 billion to $2.470 billion, representing
a growth rate of 10% year-over-year;
- Non-GAAP operating margin of 17%; and
- Non-GAAP free cash flow margin of at least 19%.
These statements are forward-looking and actual results may
differ materially. Refer to the Forward-Looking Statements safe
harbor below for information on the factors that could cause our
actual results to differ materially from these forward-looking
statements.
Okta has not reconciled its forward-looking non-GAAP financial
measures to their most directly comparable GAAP measures because
certain items are out of Okta’s control or cannot be reasonably
predicted. Accordingly, reconciliations for forward-looking
non-GAAP financial measures are not available without unreasonable
effort.
Webcast Information:
Okta will host a live video webcast at 2:00 p.m. Pacific Time on
November 29, 2023 to discuss the results and outlook. The prepared
remarks and the news release with the financial results will be
accessible from the Company’s website at investor.okta.com prior to
the webcast. The live video webcast will be accessible from the
Okta investor relations website at investor.okta.com. A replay will
be available on the Okta investor relations website following the
completion of the event.
Supplemental Financial and Other Information:
Supplemental financial and other information can be accessed
through the Company’s investor relations website at
investor.okta.com. Okta uses its investor.okta.com website and
okta.com/blog websites (including the Security Blog, Okta Developer
Blog and Auth0 Developer Blog) as a means of disclosing material
non-public information, announcing upcoming investor conferences
and for complying with its disclosure obligations under Regulation
FD. Accordingly, you should monitor our investor relations and
okta.com/blog websites in addition to following our press releases,
SEC filings and public conference calls and webcasts.
Non-GAAP Financial Measures:
This press release and the accompanying tables contain the
following non-GAAP financial measures: non-GAAP gross profit,
non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP
operating margin, non-GAAP net income (loss), non-GAAP net margin,
non-GAAP net income (loss) per share, basic and diluted, non-GAAP
tax rate, free cash flow and free cash flow margin. Certain of
these non-GAAP financial measures exclude stock-based compensation,
non-cash charitable contributions, amortization of acquired
intangibles, acquisition and integration-related expenses,
restructuring costs related to severance and termination benefits
and lease impairments in connection with the closing of certain
leased facilities, amortization of debt issuance costs and (gain)
loss on early extinguishment of debt. Acquisition and
integration-related expenses include transaction costs and other
non-recurring incremental costs incurred through the one-year
anniversary of the transaction close.
Stock-based compensation is non-cash in nature and is generally
fixed at the time the stock-based instrument is granted and
amortized over a period of several years. Although stock-based
compensation is an important aspect of the compensation of our
employees and executives, the expense for the fair value of the
stock-based instruments we utilize may bear little resemblance to
the actual value realized upon the vesting or future exercise of
the related stock-based awards. We believe excluding stock-based
compensation provides meaningful supplemental information regarding
the long-term performance of our core business and facilitates
comparison of our results to those of peer companies.
We also exclude non-cash charitable contributions, amortization
of acquired intangibles, acquisition and integration-related
expenses, restructuring costs related to severance and termination
benefits and lease impairments in connection with the closing of
certain leased facilities, amortization of debt issuance costs and
(gain) loss on early extinguishment of debt from the applicable
non-GAAP financial measures because these adjustments are
considered by management to be outside of our core operating
results.
In addition to these exclusions, starting in fiscal 2024, we
subtract an assumed provision for income taxes to calculate
non-GAAP net income. We utilize a fixed long-term projected tax
rate of 26% in our computation of the non-GAAP income tax provision
to provide better consistency across the reporting periods. The
non-GAAP tax rate could be subject to change for a variety of
reasons, including changes in tax laws and regulations, significant
changes in our geographic earnings mix, or other changes to our
strategy or business operations. We will periodically reevaluate
the projected long-term tax rate, as necessary, for significant
events, based on our ongoing analysis of relevant tax law changes,
material changes in the forecasted geographic earnings mix, and any
significant acquisitions.
We define free cash flow, a non-GAAP financial measure, as net
cash provided by operating activities, less cash used for purchases
of property and equipment, net of sales proceeds, and capitalized
software. Free cash flow margin is calculated as free cash flow
divided by total revenue. We use free cash flow as a measure of
financial progress in our business, as it balances operating
results, cash management, and capital efficiency. We believe
information regarding free cash flow provides investors and others
with an important perspective on the cash available to make
strategic acquisitions and investments, to fund ongoing operations,
and to fund other capital expenditures. Free cash flow can be
volatile and is sensitive to many factors, including changes in
working capital and timing of capital expenditures. Working capital
at any specific point in time is subject to many variables,
including seasonality, the discretionary timing of expense
payments, discounts offered by vendors, vendor payment terms, and
fluctuations in foreign exchange rates.
We periodically reassess the components of our non-GAAP
adjustments for changes in how we evaluate our performance and
changes in how we make financial and operational decisions, and
consider the use of these measures by our competitors and peers to
ensure the adjustments remain relevant and meaningful.
Okta believes that non-GAAP financial information, when taken
collectively with GAAP financial measures, may be helpful to
investors because it provides consistency and comparability with
past financial performance and assists in comparisons with other
companies, some of which use similar non-GAAP financial information
to supplement their GAAP results. The non-GAAP financial
information is presented for supplemental informational purposes
only, and should not be considered a substitute for financial
information presented in accordance with GAAP, and may be different
from similarly-titled non-GAAP measures used by other
companies.
The principal limitation of these non-GAAP financial measures is
that they exclude significant expenses that are required by GAAP to
be recorded in the Company’s financial statements. In addition,
they are subject to inherent limitations as they reflect the
exercise of judgment by the Company's management about which
expenses are excluded or included in determining these non-GAAP
financial measures. A reconciliation is provided below for each
non-GAAP financial measure to the most directly comparable
financial measure stated in accordance with GAAP.
Okta encourages investors to review the related GAAP financial
measures and the reconciliation of these non-GAAP financial
measures to their most directly comparable GAAP financial measures,
which it includes in press releases announcing quarterly financial
results, including this press release, and not to rely on any
single financial measure to evaluate the Company’s business.
Forward-Looking Statements: This press release contains
"forward-looking statements" within the meaning of the "safe
harbor" provisions of the Private Securities Litigation Reform Act
of 1995, including but not limited to, statements regarding our
financial outlook, business strategy and plans, market trends and
market size, opportunities and positioning. These forward-looking
statements are based on current expectations, estimates, forecasts
and projections. Words such as "expect," "anticipate," "should,"
"believe," "hope," "target," "project," "goals," "estimate,"
"potential," "predict," "may," "will," "might," "could," "intend,"
"shall" and variations of these terms and similar expressions are
intended to identify these forward-looking statements, although not
all forward-looking statements contain these identifying words.
Forward-looking statements are subject to a number of risks and
uncertainties, many of which involve factors or circumstances that
are beyond our control. For example, the market for our products
may develop more slowly than expected or than it has in the past;
there may be significant fluctuations in our results of operations
and cash flows related to our revenue recognition or otherwise; we
may not achieve expected synergies and efficiencies of operations
between Okta and Auth0, and we may not be able to successfully
integrate the companies; global economic conditions could worsen; a
prior or future network, data or cybersecurity incident that has
allowed or does allow unauthorized access to our network or data or
our customers’ data could damage our reputation, cause us to incur
significant costs or impact the timing or our ability to land new
customers or retain existing customers; we could experience
interruptions or performance problems associated with our
technology, including a service outage; and we may not be able to
pay off our convertible senior notes when due. Further information
on potential factors that could affect our financial results is
included in our most recent Quarterly Report on Form 10-Q and our
other filings with the Securities and Exchange Commission. The
forward-looking statements included in this press release represent
our views only as of the date of this press release and we assume
no obligation and do not intend to update these forward-looking
statements.
About Okta
Okta is the World’s Identity Company. As the leading independent
Identity partner, we free everyone to safely use any
technology—anywhere, on any device or app. The most trusted brands
trust Okta to enable secure access, authentication, and automation.
With flexibility and neutrality at the core of our Okta Workforce
Identity and Customer Identity Clouds, business leaders and
developers can focus on innovation and accelerate digital
transformation, thanks to customizable solutions and more than
7,000 pre-built integrations. We’re building a world where Identity
belongs to you. Learn more at okta.com.
OKTA, INC. CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS (dollars in millions,
shares in thousands, except per share data) (unaudited)
Three Months Ended
October 31,
Nine Months Ended
October 31,
2023
2022
2023
2022
Revenue:
Subscription
$
569
$
466
$
1,614
$
1,299
Professional services and other
15
15
44
49
Total revenue
584
481
1,658
1,348
Cost of revenue:
Subscription(1)
126
117
376
345
Professional services and other(1)
19
21
60
62
Total cost of revenue
145
138
436
407
Gross profit
439
343
1,222
941
Operating expenses:
Research and development(1)
165
148
500
466
Sales and marketing(1)
270
290
787
807
General and administrative(1)
111
98
340
309
Restructuring and other charges
4
14
28
14
Total operating expenses
550
550
1,655
1,596
Operating loss
(111
)
(207
)
(433
)
(655
)
Interest expense
(2
)
(3
)
(7
)
(9
)
Interest income and other, net
21
5
56
12
Gain on early extinguishment of debt
18
—
91
—
Interest and other, net
37
2
140
3
Loss before provision for income taxes
(74
)
(205
)
(293
)
(652
)
Provision for income taxes
7
4
18
10
Net loss
$
(81
)
$
(209
)
$
(311
)
$
(662
)
Net loss per share, basic and diluted
$
(0.49
)
$
(1.32
)
$
(1.91
)
$
(4.21
)
Weighted-average shares used to compute
net loss per share, basic and diluted
164,381
158,708
162,836
157,344
(1)
Amounts include stock-based compensation
expense as follows:
Three Months Ended
October 31,
Nine Months Ended
October 31,
2023
2022
2023
2022
Cost of subscription revenue
$
20
$
17
$
57
$
52
Cost of professional services and
other
3
4
11
11
Research and development
70
69
212
209
Sales and marketing
40
41
119
119
General and administrative
39
41
124
122
Total stock-based compensation expense
$
172
$
172
$
523
$
513
OKTA, INC. CONDENSED
CONSOLIDATED BALANCE SHEETS (dollars in millions)
(unaudited)
October 31,
January 31,
2023
2023
Assets
Current assets:
Cash and cash equivalents
$
400
$
264
Short-term investments
1,730
2,316
Accounts receivable, net of allowances
418
481
Deferred commissions
104
92
Prepaid expenses and other current
assets
75
76
Total current assets
2,727
3,229
Property and equipment, net
50
59
Operating lease right-of-use assets
91
122
Deferred commissions, noncurrent
220
210
Intangible assets, net
197
241
Goodwill
5,406
5,400
Other assets
49
46
Total assets
$
8,740
$
9,307
Liabilities and stockholders'
equity
Current liabilities:
Accounts payable
$
11
$
12
Accrued expenses and other current
liabilities
108
112
Accrued compensation
168
99
Deferred revenue
1,256
1,242
Total current liabilities
1,543
1,465
Convertible senior notes, net,
noncurrent
1,302
2,193
Operating lease liabilities,
noncurrent
119
142
Deferred revenue, noncurrent
18
18
Other liabilities, noncurrent
28
23
Total liabilities
3,010
3,841
Stockholders’ equity:
Preferred stock
—
—
Class A common stock
—
—
Class B common stock
—
—
Additional paid-in capital
8,534
7,974
Accumulated other comprehensive loss
(18
)
(33
)
Accumulated deficit
(2,786
)
(2,475
)
Total stockholders’ equity
5,730
5,466
Total liabilities and stockholders'
equity
$
8,740
$
9,307
OKTA, INC. SUMMARY OF
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (dollars in
millions) (unaudited)
Nine Months Ended
October 31,
2023
2022
Cash flows from operating
activities:
Net loss
$
(311
)
$
(662
)
Adjustments to reconcile net loss to net
cash provided by operating activities:
Stock-based compensation
523
513
Depreciation, amortization and
accretion
64
89
Amortization of debt issuance costs
3
4
Amortization of deferred commissions
76
61
Deferred income taxes
4
4
Lease impairment charges
25
14
Gain on early extinguishment of debt
(91
)
—
Net (gain) loss on strategic
investments
1
(2
)
Other, net
5
2
Changes in operating assets and
liabilities:
Accounts receivable
61
15
Deferred commissions
(102
)
(82
)
Prepaid expenses and other assets
(1
)
(4
)
Operating lease right-of-use assets
18
21
Accounts payable
(1
)
29
Accrued compensation
70
(30
)
Accrued expenses and other liabilities
9
(6
)
Operating lease liabilities
(29
)
(22
)
Deferred revenue
14
66
Net cash provided by operating
activities
338
10
Cash flows from investing
activities:
Capitalized software
(10
)
(8
)
Purchases of property and equipment
(5
)
(9
)
Purchases of securities available-for-sale
and other
(1,151
)
(872
)
Proceeds from maturities and redemption of
securities available-for-sale
1,702
848
Proceeds from sales of securities
available-for-sale and other
61
—
Purchases of intangible assets
(1
)
(2
)
Payments for business acquisitions, net of
cash acquired
(22
)
(4
)
Net cash provided by (used in) investing
activities
574
(47
)
Cash flows from financing
activities:
Payments for repurchases of convertible
senior notes
(803
)
—
Payments for warrants related to
convertible senior notes
(7
)
—
Proceeds from stock option exercises, net
of repurchases
10
15
Proceeds from shares issued in connection
with employee stock purchase plan
26
19
Net cash provided by (used in) financing
activities
(774
)
34
Effects of changes in foreign currency
exchange rates on cash, cash equivalents and restricted cash
(1
)
(11
)
Net increase (decrease) in cash, cash
equivalents and restricted cash
137
(14
)
Cash, cash equivalents and restricted cash
at beginning of period
271
273
Cash, cash equivalents and restricted
cash at end of period
$
408
$
259
OKTA, INC. Reconciliation of GAAP to
Non-GAAP Data (dollars in millions, shares in thousands, except
per share data) (unaudited)
Non-GAAP Gross Profit and Non-GAAP Gross Margin
We define non-GAAP gross profit and non-GAAP gross margin as
GAAP gross profit and GAAP gross margin, adjusted for stock-based
compensation expense included in cost of revenue, amortization of
acquired intangibles and acquisition and integration-related
expenses.
Three Months Ended
October 31,
Nine Months Ended
October 31,
2023
2022
2023
2022
Gross profit
$
439
$
343
$
1,222
$
941
Add:
Stock-based compensation expense included
in cost of revenue
23
21
68
63
Amortization of acquired intangibles
11
11
35
33
Acquisition and integration-related
expenses
—
—
—
1
Non-GAAP gross profit
$
473
$
375
$
1,325
$
1,038
Gross margin
75
%
71
%
74
%
70
%
Non-GAAP gross margin
81
%
78
%
80
%
77
%
Non-GAAP Operating Income (Loss) and Non-GAAP Operating
Margin
We define non-GAAP operating income (loss) and non-GAAP
operating margin as GAAP operating loss and GAAP operating margin,
adjusted for stock-based compensation expense, non-cash charitable
contributions, amortization of acquired intangibles, acquisition
and integration-related expenses and restructuring costs related to
severance and termination benefits and lease impairments in
connection with the closing of certain leased facilities.
Three Months Ended
October 31,
Nine Months Ended
October 31,
2023
2022
2023
2022
Operating loss
$
(111
)
$
(207
)
$
(433
)
$
(655
)
Add:
Stock-based compensation expense
172
172
523
513
Non-cash charitable contributions
2
—
4
2
Amortization of acquired intangibles
18
21
59
63
Acquisition and integration-related
expenses
—
—
—
7
Restructuring costs
4
14
28
14
Non-GAAP operating income (loss)
$
85
$
—
$
181
$
(56
)
Operating margin
(19
)%
(43
)%
(26
)%
(49
)%
Non-GAAP operating margin
15
%
—
%
11
%
(4
)%
Non-GAAP Net Income (Loss), Non-GAAP Net Margin and Non-GAAP
Net Income (Loss) Per Share, Basic and Diluted
We define non-GAAP net income (loss) and non-GAAP net margin as
GAAP net loss and GAAP net margin, adjusted for stock-based
compensation expense, non-cash charitable contributions,
amortization of acquired intangibles, acquisition and
integration-related expenses, amortization of debt issuance costs,
gain on early extinguishment of debt and restructuring costs
related to severance and termination benefits and lease impairments
in connection with the closing of certain leased facilities. In
addition, starting in fiscal 2024, we subtract an assumed provision
for income taxes to calculate non-GAAP net income. We utilize a
fixed long-term projected tax rate of 26% in our computation of the
non-GAAP income tax provision to provide better consistency across
the reporting periods.
We define non-GAAP net income (loss) per share, basic, as
non-GAAP net income (loss) divided by GAAP weighted-average shares
used to compute net loss per share, basic and diluted.
We define non-GAAP net income (loss) per share, diluted, as
non-GAAP net income (loss) divided by GAAP weighted-average shares
used to compute net loss per share, basic and diluted adjusted for
the potentially dilutive effect of (i) employee equity incentive
plans, excluding the impact of unrecognized stock-based
compensation expense, and (ii) convertible senior notes outstanding
and related warrants. In addition, non-GAAP net income (loss) per
share, diluted, includes the impact of our note hedge and capped
call agreements on convertible senior notes outstanding, as
applicable. The note hedge and capped call agreements are intended
to offset potential dilution to our Class A common stock upon any
conversion or settlement of the convertible senior notes under
certain circumstances. Accordingly, we did not record any
adjustments for the potential impact of the convertible senior
notes outstanding under the if-converted method.
Three Months Ended
October 31,
Nine Months Ended
October 31,
2023
2022
2023
2022
Net loss
$
(81
)
$
(209
)
$
(311
)
$
(662
)
Add:
Stock-based compensation expense
172
172
523
513
Non-cash charitable contributions
2
—
4
2
Amortization of acquired intangibles
18
21
59
63
Acquisition and integration-related
expenses
—
—
—
7
Amortization of debt issuance costs
1
2
3
4
Gain on early extinguishment of debt
(18
)
—
(91
)
—
Restructuring costs
4
14
28
14
Tax adjustment
(19
)
—
(42
)
—
Non-GAAP net income (loss)
$
79
$
—
$
173
$
(59
)
Net margin
(14
)%
(43
)%
(19
)%
(49
)%
Non-GAAP net margin
13
%
—
%
10
%
(4
)%
Weighted-average shares used to compute
net loss per share, basic and diluted
164,381
158,708
162,836
157,344
Non-GAAP weighted-average effect of
potentially dilutive securities
14,904
—
15,254
—
Non-GAAP weighted-average shares used to
compute non-GAAP net income (loss) per share, diluted
179,285
158,708
178,090
157,344
Net loss per share, basic and diluted
$
(0.49
)
$
(1.32
)
$
(1.91
)
$
(4.21
)
Non-GAAP net income (loss) per share,
basic
$
0.48
$
—
$
1.06
$
(0.38
)
Non-GAAP net income (loss) per share,
diluted
$
0.44
$
—
$
0.97
$
(0.38
)
OKTA, INC. Reconciliation of GAAP to
Non-GAAP Financial Measures (dollars in millions)
(unaudited)
Free Cash Flow and Free Cash Flow Margin
We define free cash flow, a non-GAAP financial measure, as net
cash provided by operating activities, less cash used for purchases
of property and equipment, net of sales proceeds, and capitalized
software. Free cash flow margin is calculated as free cash flow
divided by total revenue.
In fiscal 2024, we updated our definition of free cash flow to
include on-premise software purchases in addition to capitalized
internal-use software costs within capitalized software.
Three Months Ended
October 31,
Nine Months Ended
October 31,
2023
2022
2023
2022
Net cash provided by operating
activities
$
156
$
10
$
338
$
10
Less:
Purchases of property and equipment
(3
)
(2
)
(5
)
(9
)
Capitalized software
(3
)
(2
)
(10
)
(8
)
Free cash flow
$
150
$
6
$
323
$
(7
)
Net cash provided by (used in) investing
activities
$
20
$
22
$
574
$
(47
)
Net cash provided by (used in) financing
activities
$
(133
)
$
6
$
(774
)
$
34
Operating cash flow margin
27
%
2
%
20
%
1
%
Free cash flow margin
26
%
1
%
19
%
(1
)%
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231128230676/en/
Investor Contact: Dave Gennarelli investor@okta.com
Media Contact: Kyrk Storer press@okta.com
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