Okta announced 4Q 2021 earnings with a 40% revenue growth, and also surprised the market with a large acquisition. They are purchasing Auth0 for $6.5B in Okta stock. Free cash flow was 13.8% of revenues. The stock pulled back from a 52-week high of $294 to $200, closing Friday at just shy of $216. Auth0 also grew revenue over 50% with a growing subscription model.
They discussed this in their earnings call here.
