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Okta : 2024 May 29 OKTA OQ 137872264111 Transcript

Okta (OKTA) Q1 2025 Earnings Call Transcript

Cloud Stocks: Okta Leverages AI for Security

Corporate identity management software company Okta (NASDAQ: OKTA) recently announced its third quarter results that continued to outpace market expectations. The company added several AI-focused products during the quarter. Okta's Financials Revenues for the third quarter grew 21% to $584 million, ahead of the market's forecast of $560.6 million. EPS was $0.48, significantly better than the Street's estimate of $0.30 per share. By segment, subscription services revenues increased 22% to $569 million. Revenue from the Professional Services and Others segment was flat at $15 million. Among key metrics, Remaining Performance Obligations (RPO) grew 8% to $3.07 billion. Okta expects to end the fourth quarter with revenue of $585-$587 billion and non-GAAP net income per share of $0.50-$0.51. The market was looking for revenues of $580.4 million. For the full fiscal year 2024, Okta forecast revenues of $2.243-$2.245 billion and an EPS of $1.47-$1.48 per share. The market was

Okta CEO McKinnon lays out vision of how Generative AI will drive Okta in new tech world

Okta CEO McKinnon lays out vision of how Generative AI will drive Okta in new tech world
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