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yeah it's dragging everything down. Okta's YOY revenue increased 50%, but it dropped from $240 to $85
by Kalanos 4y ago
yeah it's dragging everything down. Okta's YOY revenue increased 50%, but it dropped from $240 to $85
- s1artibartfast 4y agoOkta would need 2 billion annual profit to justify $240 with a PE of 20. Total revenue today is 1.3 billion, with a profit margin of -60% which is getting worse and not better. Can they 20x their revenue and cut costs by 50%?
- moralestapia 4y ago>Can they 20x their revenue and cut costs by 50%? Nope, their own MAUs plateaued already.
- Kalanos 4y agowhy do they need 25B in revenue?
- Kalanos 4y agoall they need to do is figure out how to cut costs. assuming that customer acquisition cost was a main driver then that should be easy
- s1artibartfast 4y agoNo, $1.3 billion revenue is not enough to support a $240 price even if they cut 99% of costs.