Okta Inc (LTS:0KB7)
$ 76.19 2.19 (2.96%) Market Cap: 13.01 Bil Enterprise Value: 11.88 Bil PE Ratio: 0 PB Ratio: 2.11 GF Score: 77/100

Okta Inc at Bank of America Global Technology Conference (Virtual) Transcript

Jun 08, 2021 / 05:45PM GMT
Release Date Price: $217.13 (+1.50%)
Brian Fenske;Jacques Frederic Kerrest
Okta, Inc. - Co-Founder

Good day, everyone, and welcome to one of our sessions here at the BofA 2021 Global Technology Conference. I'm Brian Fenske. I'm the TMT sector specialist, and it's my pleasure to be hosting this conversation with the Co-Founder of Okta, Frederic Kerrest.

Now Okta is the market leader in identity and access management for both workforce and customer identity. There's a lot to talk about with the company. We'll get right to it. In the latest quarter, I thought an impressive set of results: the accelerated CRPOs of 48% year-over-year growth, up from 34% in the prior quarter; added an impressive 650 new customers. Net retention was impressive. So all the metrics that software investors get excited about looked great.

So I wanted to welcome Frederic. It's great to have you here. And just let everyone know, there's an ability to ask questions through the Veracast tool. And I'm on Bloomberg IB. If it's easier for you to just hit me on IB and fire off a question, we're happy to do that. So Frederic, welcome.

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