Okta, Inc. · NASDAQ:OKTA
Okta — Investor Day (April 2020)
145 slides from Okta's investor day presentation, Apr 1, 2020
Slide 1: Investor Day FY21
INVESTOR DAY FY21 April 1, 2020 © Okta and/or its affiliates. All rights reserved.
Slide 2: Safe harbor
Safe harbor This presentation 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, product development, business strategy and plans a
Slide 3: Agenda
Agenda Presenter Topic Time Todd McKinnon Market Landscape and Corporate Strategy 11:00 CEO & Co-Founder Frederic Kerrest Customer Fireside Chat 11:15 EVC, COO & Co-Founder with Dentsu Aegis Network Diya Jolly New Products and Product Strategy 11:25 Chief Product Officer Frederic Kerrest Customer Fi
Slide 4: Okta's Long-Term Advantage
INVESTOR DAY FY21 TODD MCKINNON, CEO OKTA’S LONG-TERM ADVANTAGE © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 5: Okta is the identity company that stands for trust
Okta is the identity company that stands for trust
Slide 6: The most important things
The most important things 1 2 3 HEALTH AND SERVICE ADAPT BY SAFETY OF RELIABILITY + BEING AGILE EMPLOYEES + CUSTOMER AND FLEXIBLE COMMUNITY SUCCESS
Slide 7: Customer message on remote work
My renee FRyan Carison: Freden Kecrest: Executive Summit; Praveen Narang: David Ta ‘This message originated outside your organization ‘Sami Laine @ 1210°M Ryan ‘Checking in from Okta Cupertino Executive Briefing Center ‘You guys set the bar. That was net easy. As a customer and a friend... | really
Slide 8: Enable any organization to use any technology
COMPANY VISION Enable any organization to use any technology
Slide 9: Global 2000 customers
Global 2000 customers KAN Adobe Ramm BROWN-FORMAN “erent me (QRDKcoment S MCKESSON aentsu GB vcr neary Discover : ‘ HITACHI mecis y dish Dosm CNGie ra flex COMED EREL IFrF e jetBlue AMGEN A) zz armacetcals N Nasdaq S$ New: Compe SLabCorp . * iad Mcmpesorrs O “SIORSIS NORDSTROM storage WF servicenow
Slide 10: Thousands of organizations depend on Okta
Thousands of organizations depend on Okta
Slide 11: Become the identity standard
Become the identity standard Build the Connect the network company
Slide 12: Leverage our agility and flexibility for the long-term opportunity
Leverage our agility and flexibility for the long-term opportunity
Slide 13: Deliver a seamless, secure customer experience
Deliver a secure, Adopt a Modernize IT seamless customer Zero Trust experience security model REDUCE COSTS AND ACCELERATE BUSINESS REDUCE THE RISK DRIVE OPERATIONAL GROWTH, REVENUE, AND COST OF A EFFICIENCY AND PROFIT SECURITY INCIDENT
Slide 14: The new standard for identity
The new standard for identity CRM IAAS HR COLLABORATION FINANCE Identity Cloud
Slide 15: Okta Integration Network
o.. . | vOkta Integration: ae “+ Network —
Slide 16: Okta Identity Cloud
Okta Identity Cloud An independent and neutral platform for workforce identity A scalable and secure customer identity platform An identity centric approach to Zero Trust security
Slide 17: Products Platform Services
Customer Identity Products Single Universal Advanced Adaptive Lifecycle Access API Access Developer One App Enterprise Sign-On Directory Server Access MFA Mgmt. Gateway Mgmt. Workforce Identity Platform Services Directories Integrations Insights Identity Engine Workflows Devices
Slide 18: Oktane20 Announcements
Oktane20 Announcements App-level Policies Deeper Onboarding Okta FastPass Flexible Account More Flexible Device Visibility Recovery Offboarding Remote Sign-Out Integration Resolve Identity Device Context Ecosystems Conflicts Endpoint Security Integrations Limited Access
Slide 19: Okta TAM est. $55B
Okta TAM est. $55B Workforce Identity Customer Identity TAM TAM $30B $25B
Slide 20: What you'll hear today
What you’ll hear today Customer + Product Partner Go to Financial Strategy Success Market Model DI Y A J OL L Y F RE DE RI C K E RRE ST C HA RL E S RA C E BI L L L OS C H
Slide 21: Workforce identity customer initiatives
Dominic Shine Frederic Kerrest Group CIO EVC, COO + Co-Founder INITIATIVES PROJECTS PRODUCTS Move to the cloud SSO for employees/partners SSO Reduce IT friction Accelerate cloud adoption Universal Directory WORKFORCE Protect against data breaches Deploy MFA everywhere Lifecycle management IDENTITY A
Slide 22: Growth at Scale
INVESTOR DAY FY21 DIYA JOLLY, CHIEF PRODUCT OFFICER GROWTH AT SCALE © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 23: Enable any organization to use any technology
Enable any organization to use any technology
Slide 24: Platform
PLATFORM
Slide 25: Open & extensible
Open & extensible Accessible for everyone Secure & private
Slide 26: The Okta Identity Cloud
The Okta Identity Cloud
Slide 27: Platform Services
Platform Services Directories Integrations Insights Identity Engine Workflows Devices
Slide 28: Across every use case
Across every use case Customer Identity Single Universal Advanced Adaptive Lifecycle Access API Access Developer One App Enterprise Sign-On Directory Server Access MFA Mgmt. Gateway Mgmt. Workforce Identity
Slide 29: Modernize IT
Modernize IT CIOs IT Administrators
Slide 30: Deliver a seamless, secure customer experience
Deliver a seamless, secure customer experience Product Marketing development organizations
Slide 31: Adopt a Zero Trust approach
Adopt a Zero Trust approach CISOs Security Teams
Slide 32: Modernize IT
Modernize IT CIOs IT Administrators
Slide 33: Managing complex organizations
Managing complex organizations
Slide 34: Managing complex organizations
Managing complex organizations
Slide 35: Managing complex organizations
Managing complex organizations
Slide 36: Managing complex organizations
Managing complex organizations
Slide 37: Managing complex organizations
Managing complex organizations
Slide 38: Identity: the key to solving complexity
The key to solving complexity IDENTITY
Slide 39: Okta Workflows
Okta Workflows
Slide 40: Automating Identity Lifecycle
Automating Identity Lifecycle Laura Chape Contractor
Slide 41: Automating Identity Lifecycle
Automating Identity Lifecycle
Slide 42: Okta Directories
Okta Directories
Slide 43: Okta Directories
Okta Directories Financial Advisor Loan Officer
Slide 44: Automating Identity Lifecycle
Automating Identity Lifecycle Laura Chape Full Time Employee Mobile App Team
Slide 45: Automating Identity Lifecycle
Automating Identity Lifecycle
Slide 46: Okta Directories
Okta Directories
Slide 47: Advanced Server Access
Advanced Server Access +
Slide 48: Decentralizing control
Decentralizing control m TK WS @ @ | | | | | | Salata Zntaln Satake Satake Subatn Setata
Slide 49: Public APIs
Public APIs -Bieoce Mortgage Group ---- [3] YOO®@ Local Branch YIYOO Digital Banking Group EN OOO Ik ooee
Slide 50: Deliver a seamless, secure customer experience
Deliver a seamless, secure customer experience Product Marketing development organizations
Slide 51: Free up your scarce resources to innovate
Free up your scarce resources to innovate
Slide 52: Free up your scarce resources to innovate
Free up your scarce resources to innovate
Slide 53: Custom access experiences
Custom access experiences Identify Authorize Enroll Issue
Slide 54: Custom access experiences
Custom access experiences AB authwest Airlines
Slide 55: Custom access experiences
Custom access experiences
Slide 56: Custom access experiences
Custom access experiences 4&4 a 8
Slide 57: Privacy + consent
Privacy + consent
Slide 58: Privacy + consent
Privacy + consent
Slide 59: Privacy + consent
Privacy + consent OKTA INTEGRATION NETWORK
Slide 60: Privacy + consent
Privacy + consent Hi Nick v $117.96 $25.00 Total: $142.96 Saal Check out in one click:
Slide 61: Deepening integrations
Deepening integrations OKTA INTEGRATION NETWORK
Slide 62: Zero Trust approach to security
Zero Trust approach to security CISOs Security Teams
Slide 63: End-to-end security
End-to-end security Contractor Customer Health Insurance company Pharmacist Employees
Slide 64: Fragmented ecosystem
Fragmented ecosystem
Slide 65: Identity is end-to-end
Identity is end-to-end
Slide 66: End-to-end security
End-to-end security The right Have the right To the right In the right That is continuously people level of access resources context assessed
Slide 67: Okta Devices
Okta Devices
Slide 68: Okta Devices Platform Service
Okta Devices Platform Service
Slide 69: Okta Devices Platform Service
Okta Devices Platform Service
Slide 70: Assess risk, take action
ASSESS TAKE RISK ACTION
Slide 71: Risk engine
Risk engine vmware’ Carbon Black Now cencase UMcAfee =: slack
Slide 72: Risk engine
Risk engine vmware’ Carbon Black # netskope salesforce mbitglass Google Now cencase UMcAfee —_ #: slack
Slide 73: Session management
Session management
Slide 74: Automating Session Management
Automating Session Management When this If this Do this Do that
Slide 75: Address new use cases faster
Address new use cases faster Rapidly innovate Enable others to build on Okta
Slide 76: Enable any organization to use any technology
Enable any organization to use any technology
Slide 77: Customer identity initiatives
Satish Iyer Frederic Kerrest VP, Product + Strategy EVC, COO + Co-Founder INITIATIVES PROJECTS PRODUCTS Modernize infrastructure Integrate apps Authentication Cultivate user trust Integrate enterprise identities Authorization CUSTOMER Transform into a digital platform Build highly scalable apps User
Slide 78: Go-to-Market Update
INVESTOR DAY FY21 CHARLES RACE PRESIDENT, WORLDWIDE FIELD OPERATIONS GO-TO-MARKET UPDATE © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 79: Why we win
Why we win ATTACHED TO PERVASIVENESS LONG TERM 3 SECULAR OF IDENTITY VISION TRENDS © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 80: Strong revenue growth
Strong revenue growth FY20 Y 20 $586M -F F Y17 R C AG FY19 % 54 $399M FY18 $257M FY17 $160M © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 81: FY21 go-to-market strategy
FY21 go-to-market strategy CUSTOMER RETENTION NEW LOGO LAND AND PIPELINE INTERNATIONAL ACQUISITION EXPAND EFFICIENCY GROWTH PRODUCTIVITY © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 82: New logo acquisition through Customer Identity
New logo acquisition through Customer Identity © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 83: Strong Customer Identity momentum in FY20
Strong Customer Identity momentum in FY20 © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 84: Customer Identity tailwinds
Customer Identity tailwinds DIGITAL SECURITY B2B CCPA + GDPR TRANSFORMATION © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 85: Land + expand through Okta Trust
Land + expand through Okta Trust © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 86: What is Okta Trust?
What is Okta Trust? SCALE RELIABILITY SECURITY © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 87: Okta Access Gateway and Advanced Server Access
Okta Access Okta Advanced Gateway Server Access © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 88: Okta Access Gateway and Advanced Server Access
Okta Access Okta Advanced Gateway Server Access © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 89: Global 2000
Global 2000 Over 20% penetration © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 90: Multiple landing points: Healthcare
Multiple landing points and expansion opportunities Case Study: Healthcare Expand Products Total Lifetime $2.7M Spend: $4.7M Expand Expand Users Use Case New Use $164K Case $452K Workforce $640K Identity TOTAL SPEND Land $617K Customer Identity Expand Use Case $88K TIME (CY) 2016 2017 2018 2019 Note
Slide 91: Multiple landing points: Consulting
Multiple landing points and expansion opportunities Case Study: Consulting Total Lifetime Spend: $7.6M Land $4.1M Expand Users $230K Workforce Identity TOTAL SPEND Expand Product $2.4M New Use Case Customer $904K Identity TIME (CY) 2016 2017 2018 2019 Note: Circles indicate total contract value. © O
Slide 92: Pipeline efficiency through partners
Pipeline efficiency through partners © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 93: Partner strategy
Partner strategy PARTNER SELLING PARTNER LED DISTRIBUTION ACTIVITY IMPLEMENTATION © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 94: Geographic strength through partners
Geographic strength through partners >1,000 CHANNEL PARTNERS WORLDWIDE © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 95: International expansion
International expansion © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 96: New and expanded international presence
New and expanded international presence AMSTERDAM MUNICH PARIS © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 97: New data center expands presence in APAC
New data center expands presence in APAC APAC DATACENTER © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 98: © Okta and/or its affiliates. All rights reserved. Confidential.
© Okta and/or its affiliates. All rights reserved. Confidential.
Slide 99: Productivity increase through segmentation
Productivity increase through segmentation © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 100: Go-to-market segmentation
Go-to-market segmentation PIPELINE ENTERPRISE BUSINESS PARTNER MANAGEMENT ECOSYSTEM Field Specialist Presales SMEs Independent Inside Sales Named Accounts Software Vendors Value Enterprise Engineering Sales Systems Integrators Demand Development Enterprise Accounts Generation and Field Marketing Com
Slide 101: Retention through adoption
Retention through adoption © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 102: Our customer first playbook for customer success
Our customer first playbook for customer success LEARN DEPLOY The confidence and skills The experience and customers need to successfully expertise behind thousands harness the power of Okta. of successful deployments. GROW ADOPT The strategic partners they The insights to ensure need when it’s time
Slide 103: Happy customers buy more software
Happy customers buy more software © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 104: FY21 go-to-market strategy
FY21 go-to-market strategy CUSTOMER RETENTION NEW LOGO LAND AND PIPELINE INTERNATIONAL ACQUISITION EXPAND EFFICIENCY GROWTH PRODUCTIVITY © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 105: It's just the beginning
It’s just the beginning © Okta and/or its affiliates. All rights reserved. Confidential.
Slide 106: Partner: Optiv Global Partner of the Year
Todd Weber Frederic Kerrest Chief Technology Officer EVC, COO + Co-Founder GLOBAL PARTNER OF THE YEAR • Optiv Security is a leading global security solutions integrator and consecutive winner of PARTNER Okta’s Global Partner of the year NETWORK • Okta is able to leverage Optiv Security’s broad custo
Slide 107: Safe harbor
Safe harbor This presentation 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, product development, business strategy and plans a
Slide 108: Financial Update
INVESTOR DAY FY21 BILL LOSCH, CFO FINANCIAL UPDATE © Okta and/or its affiliates. All rights reserved.
Slide 109: Key takeaways
Key takeaways Strong Large addressable Attractive foundation markets, with long-term for growth multiple growth financial profile vectors © Okta and/or its affiliates. All rights reserved.
Slide 110: Strong foundation for growth
Strong foundation for growth
Slide 111: Strong foundation for growth
Strong foundation for growth High growth Multiple expansion Positioned subscription vectors and powerful for substantial model network effects operating leverage © Okta and/or its affiliates. All rights reserved.
Slide 112: Strong foundation for growth: executing at scale
Strong foundation for growth Executing at scale 54% 77% 6% Revenue CAGR FY20 total non-GAAP gross FY20 FCF margin from FY17-20 margin up 980 bps vs. FY171 up 3,970 bps vs. FY171 66% 119% Remaining performance TTM dollar based obligations y/y growth2 net retention rate2,3 1. See appendix for non-GAAP
Slide 113: Fiscal 2021 Guidance
Fiscal 2021 Guidance Reaffirmed revenue outlook and improved operating profit outlook Q1 FY21 – NEW Q1 FY21 - PREVIOUS Fiscal 2021 - NEW Fiscal 2021 - PREVIOUS (April 30, 2020) (April 30, 2020) (January 31, 2021) (January 31, 2021) Total revenue No change $171M to $173M No change $770M to $780M Tota
Slide 114: FY21 Guidance Considerations
FY21 Guidance Considerations Growth Profitability • Longer sales cycles for enterprise • Reduced spend on sales and marketing • Delay in deals closing creates some near-term headwinds to RPO and • Lower employee related costs billings growth • Risks associated with highly impacted • Significant decr
Slide 115: Large addressable markets, with multiple growth vectors
Large addressable markets, with multiple growth vectors
Slide 116: Okta global total addressable market of $55B
Large addressable markets, with multiple growth vectors Okta global total addressable market of $55B Workforce Customer Identity Identity $30B $25B © Okta and/or its affiliates. All rights reserved.
Slide 117: Okta global workforce identity TAM
Large addressable markets, with multiple growth vectors Okta global workforce identity TAM $30B GR 1 9 % CA Growing $18B Success with number of world’s largest target customers New and organizations advanced product $2B offerings $4B $6B Methodology: $30B TAM based on over 50,000 U.S. businesses wit
Slide 118: Okta global customer identity TAM
Large addressable markets, with multiple growth vectors Okta global customer identity TAM $25B Based on 4.4 billion combined Facebook users and service employees worldwide multiplied by internal application usage and pricing assumptions. © Okta and/or its affiliates. All rights reserved.
Slide 119: Workforce and Customer Identity
Workforce and Customer Identity Workforce Identity Customer Identity Single Universal sign-on directory 77% of total ACV 23% of total ACV Adaptive API access Lifecycle 41% y/y growth rate MFA management management 68% y/y growth rate Advanced Access server access gateway Allocations and growth rates
Slide 120: Four primary growth drivers
Large addressable markets, with multiple growth vectors Four primary growth drivers Innovation in Landing & Growing Making investments platform and expanding in partner in international network large enterprise channel expansion © Okta and/or its affiliates. All rights reserved.
Slide 121: Four primary growth drivers
Large addressable markets, with multiple growth vectors Four primary growth drivers Innovation in Landing & Growing Making investments platform and expanding in partner in international network large enterprise channel expansion © Okta and/or its affiliates. All rights reserved.
Slide 122: Innovation creates powerful network effects
Innovation creates powerful network effects More integrations Deeper signals Server Applications Devices Device State Biometrics s End Point Security User Behavior Mobile Security Application Logs IaaS APIs Network 3rd Party Intelligence More customers More use cases Zero Trust Security Analytics Co
Slide 123: Four primary growth drivers
Large addressable markets, with multiple growth vectors Four primary growth drivers Innovation in Landing & Growing Making investments platform and expanding in partner in international network large enterprise channel expansion © Okta and/or its affiliates. All rights reserved.
Slide 124: Landing and expanding in large enterprise
Landing and expanding in large enterprise Strong progress with large enterprise customers – ample room for growth Global 2000 Over 20% penetration 1 ~6x company average ACV 2 1. As of Q4 FY20. 2. Annual Contract Value. © Okta and/or its affiliates. All rights reserved.
Slide 125: Landing and expanding in large enterprise
Landing and expanding in large enterprise Customers with >$500K ACV grew faster than > $100K cohort FY19 FY20 Growth (y/y) >$500K Customers 153 243 59% >$100K Customers 1,038 1,467 41% © Okta and/or its affiliates. All rights reserved.
Slide 126: Landing and expanding in large enterprise: top customer journey
Landing and expanding in large enterprise Top 25 customer journey Industry Customer A: Biotechnology Customer B: Biotechnology Customer C: Retail Customer D: Electronics Customer E: Technology Customer F: Electronics Customer G: Utilities Customer H: Utilities Customer I: Banking Customer J: Retail
Slide 127: Landing and expanding in large enterprise: top customer journey
Landing and expanding in large enterprise Top 25 customer journey Industry Customer A: Biotechnology Customer B: Biotechnology Customer C: Retail Customer D: Electronics Customer E: Technology Customer F: Electronics Customer G: Utilities Customer H: Utilities Customer I: Banking Customer J: Retail
Slide 128: Landing and expanding in large enterprise: top customer journey
Landing and expanding in large enterprise Top 25 customer journey Industry Customer A: Biotechnology Customer B: Biotechnology Customer C: Retail Customer D: Electronics Customer E: Technology Customer F: Electronics Customer G: Utilities Customer H: Utilities Customer I: Banking Customer J: Retail
Slide 129: Landing and expanding in large enterprise
Landing and expanding in large enterprise 120% 100% Key Drivers 80% • Strong gross retention rates • Strong upsell and expansion 60% 121% 121% 120% 120% 119% 118% 117% 119% • New product introductions 40% 20% 0% Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 © Okta and/or its affili
Slide 130: Four primary growth drivers
Large addressable markets, with multiple growth vectors Four primary growth drivers Innovation in Landing & Growing Making investments platform and expanding in partner in international network large enterprise channel expansion © Okta and/or its affiliates. All rights reserved.
Slide 131: Growing partner channel
Growing partner channel Leveraging partners as we increase focus on enterprise customers Efficiently expanding reach domestically Shifting of professional and internationally services to partners Business sourced and invoiced by resellers/partners ~15% >25% >33% October 2018 April 2019 January 2020
Slide 132: Four primary growth drivers
Large addressable markets, with multiple growth vectors Four primary growth drivers Innovation in Landing & Growing Making investments platform and expanding in partner in international network large enterprise channel expansion © Okta and/or its affiliates. All rights reserved.
Slide 133: Making investments in international expansion
Making investments in international expansion Investing for long-term growth FY20 U.S. International Revenue Revenue 84% contribution 16% contribution 47% Growth rate 48% Growth rate Contribution rates based on total revenue; growth rates compare FY20 to FY19. © Okta and/or its affiliates. All right
Slide 134: Making investments in international expansion
Making investments in international expansion Investing for long-term growth Target countries Opening new, and Expanding that are experiencing expanding existing infrastructure the same secular offices in strategic footprint to support tailwinds as the U.S. markets international growth © Okta and/or
Slide 135: Large opportunity with Global 2000
Large opportunity with Global 2000 Location of Companies Americas EMEA APAC Okta1 63% 19% 18% Global 20002 31% 29% 40% (1) Based on Okta customers that are part of the Global 2000 at Jan. 31, 2020 (2) Fortune Magazine © Okta and/or its affiliates. All rights reserved.
Slide 136: Four primary growth drivers
Large addressable markets, with multiple growth vectors Four primary growth drivers Innovation in Landing & Growing Making investments platform and expanding in partner in international network large enterprise channel expansion © Okta and/or its affiliates. All rights reserved.
Slide 137: Attractive long-term financial profile
Attractive long-term financial profile
Slide 138: Attractive long-term customer economics
Attractive long-term customer economics Fiscal 2017 cohort analysis and contribution margin 80% 70% 60% 62% 40% 49% 20% 0% (20%) (40%) (47%) (60%) FY17 FY18 FY19 FY20 © Okta and/or its affiliates. All rights reserved.
Slide 139: Capital allocation priorities
Capital allocation priorities Investing into Maintain strong the business to balance sheet extend market ($1.4B in cash and leadership equivalents at Jan. 31, 2020) organically and inorganically © Okta and/or its affiliates. All rights reserved.
Slide 140: Long-term growth and profitability framework
Long-term growth and profitability framework Current Fiscal 2024 outlook reaffirmed Moderate Growth Current Outlook Faster Growth 4 YR revenue CAGR Less than 30% 30-35% Greater than 35% through FY24 Free cash flow Greater than 20% 20-25% ~20% margin in FY24 Okta has not reconciled its expectations a
Slide 141: Key takeaways
Key takeaways Strong Large addressable Attractive foundation markets, with long-term for growth multiple growth financial profile vectors © Okta and/or its affiliates. All rights reserved.
Slide 142: Q&A
Q&A Todd McKinnon Frederic Kerrest Charles Race Chief Executive Officer Executive Vice Chairman, President, WWFO + Co-Founder COO + Co-Founder Diya Jolly Bill Losch Chief Product Officer Chief Financial Officer © Okta and/or its affiliates. All rights reserved.
Slide 143: Appendix
Appendix
Slide 144: Statement regarding use of non-GAAP financial measures
Statement regarding use of non-GAAP financial measures This presentation contains certain non-GAAP financial measures and other metrics. This appendix contains our reconciliation of those non-GAAP measures and other financial metrics. This presentation may reference one or more of the following non-
Slide 145: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations FY17 FY18 FY19 FY20 GAAP total gross profit 104,857 175,792 285,833 426,685 Stock-based compensation 3,262 7,737 12,820 20,087 Amortization of acquired intangibles 190 4 832 5,488 Non-GAAP total gross profit 103,309 185,533 299,485 452,260 Non-GAAP total gross margin