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Okta, Inc. (OKTA) Presents at The Truist Securities Technology, Internet & Services Brokers Conference (Transcript)

Mar. 09, 2021 3:30 PM ETOkta, Inc. (OKTA)
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Okta, Inc. (NASDAQ:OKTA) The Truist Securities Technology, Internet & Services Conference March 9, 2021 10:30 AM ET

Company Representatives

Freddy Kerrest - Executive Vice Chairman, COO, Co-Founder

Dave Gennarelli - Investor Relations

Conference Call Participants

Joel Fishbein - Truist Securities

Joel Fishbein

Good morning everyone. My name is Joel Fishbein from Truist Securities. I want to welcome you to the Truist Tech Conference 2021. Before we begin, I need to read the following disclaimer. This call is arranged by Truist Securities Research for use by Institutional Investors and issuer clients as defined by FINRA. If you are not an Institutional Investor or an issuer, please disconnect at this time. For required disclosures, please see our website at TruistSecurities.com or our equity research library.

On today's call we have Frederic – Freddy Kerrest, Executive Vice Chairman, COO and Co-Founder of Okta and Dave Gennarelli who runs Investor Relations there. Many of you are familiar with both.

Freddy is the Executive Vice Chairman and obviously the Co-Founder. He is response for date-to-day operations. He's got a long history of being in the tech world. He started – one of his main places he's worked with salesforce.com and helped them grow that business pretty significantly. He serves as a mentor at the MIT Trust Center for Entrepreneurship and the Stanford StartX Accelerator program. And Freddy, thanks for joining us and we're honored to have you here today and talk to you about Okta.

Freddy Kerrest

Well, I’m thrilled to be here. Thank you very much. I really appreciate it.

Question-and-Answer Session

Q - Joel Fishbein

You're coming off of a great quarter, just to highlight a couple of the fourth quarter financials. Total RPO grew 49%, revenue was up 40%, subscription revenue grew 42%. We generated $32 million free cash flow. You're not just – now you’re putting the pennies to the

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