Corporate identity management software company Okta (NASDAQ: OKTA) recently announced its quarterly results that continued to outpace market expectations. The company's focus on profitability is paying off as it delivered record non-GAAP profitability and cash flow in the quarter. Okta's Financials Revenues for the fourth quarter grew 19% to $605 million, ahead of the market's forecast of $587 million. EPS was $0.68 compared with $0.33 a year ago and was significantly better than the Street's estimate of $0.51 per share. By segment, subscription services revenues increased 20% to $591 million. Among key metrics, Remaining Performance Obligations (RPO) grew 13% to $3.385 billion. Okta's annual revenue grew 22% to $2.263 billion with subscription revenues increasing 23% to $2.205 billion. Net EPS came in at $1.75 compared to a loss of $0.04 reported last year. Okta expects to end the first quarter with revenue of $603-$605 million and non-GAAP net income per
Okta CEO McKinnon lays out vision of how Generative AI will drive Okta in new tech world channelbuzz.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelbuzz.ca Daily Mail and Mail on Sunday newspapers.
Authorization is an essential and non-trivial need in application development. Modern requirements have only increased the complexity of delivering adequate authorization. Auth0 aims to make authorization more standard and streamlined with Open FGA.