Latest Breaking News On - Okta verify - Page 1 : comparemela.com

Corporate identity management software company Okta (NASDAQ: OKTA) recently announced its second quarter results that continued to outpace market expectations. The company improved its outlook for the rest of the year as well, sending the stock soaring more than 10% in the after-hours trading session. Okta's Financials Revenues for the second quarter grew 23% to $556 million, surging ahead of the market's forecast of $534.06 million. EPS was $0.31, significantly better than the Street's estimate of $0.21 per share. By segment, subscription services revenues increased 24.6% to $542 million. Revenue from the Professional Services and Others segment fell 17.6% to $14 million. Among key metrics, Remaining Performance Obligations (RPO) grew 8% to $3.03 billion. Okta expects to end the third quarter with revenue of $558-$560 billion and non-GAAP net loss of $0.29-$0.30. The market was looking for revenues of $560.86 million and a net income of $0.30 per share. For the

Professional servicesRemaining performance obligationsOkta device accessAccess managementWorkforce identity cloudDesktop password syncPlatform single sign on extensionOkta verifyGovernment highAsdaq oktaTechnology stocks