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 KeyBanc Capital Markets Emerging Technology Summit Transcript

Mar 08, 2023 / 05:30PM GMT
Release Date Price: $85.68 (-1.27%)
Eric Michael Heath
KeyBanc Capital Markets Inc., Research Division - Research Analyst

Great. Let's get started. I'm Eric Heath of the enterprise software team here at KeyBanc. Pleasure to have Brett Tighe here with us with Okta. We also have Dave Gennarelli from IR here as well.

Questions & Answers

Eric Michael Heath
KeyBanc Capital Markets Inc., Research Division - Research Analyst

So Brett, let's just jump right into it. Maybe get the macro question out of the way. So talk about from your lines what you saw in the macro, how things kind of transpired from 3Q to 4Q? And maybe into the early parts of 1Q here?

Brett Tighe
Okta, Inc. - CFO

Yes, there's -- in terms of what we saw in Q3 and Q4, actually is similar signs of macro degradation. So one of the things that I think a lot of you've heard me talk about is really this new business versus upsell mix and just being much more weighted toward upsells, in both the pipeline build and also the sales in the quarters that at Q3 and Q4. So that's one major

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