Meanwhile, Zoom has built up its platform of services and is boosting contract sizes thanks to that success. Okta is expected to boost revenue by about 17% this year, indicating steady progress in its goal of dramatically increasing its addressable market over time. Investors are currently putting a premium on growth, which helps explain why Okta is valued at over 7 times annual sales, while Zoom is valued at just 4.8 times sales. The cybersecurity specialist is still dealing with the financial disruption caused by its large merger with Auth0, as well as subsequent challenges around integrating the businesses under one sales, marketing, and support umbrella. Okta, meanwhile, booked only a 3% free cash flow margin this past year, marking a deceleration from the prior year's 7% rate.
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