June 5, 2024, 3:35 a.m. | Chris Burt

Biometric Update www.biometricupdate.com

June 4, 2024 - Okta’s revenue grew 19 percent year-over-year in Q1 to hit a total of $617 million, according to the firm’s financial results for its first quarter, which ended on April 30, 2024.

Subscription revenue was $603 million, an increase of 20 percent year-over-year. RPO, or subscription backlog, was $3.364 billion, an increase of 14 percent year-over-year. Current remaining performance obligations (cRPO) grew 15% year-over-year to $1.949 billion. Okta posted a record operating cash flow of $219 …

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