Top 6 Passwordless Authentication Solutions for 2024 techrepublic.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techrepublic.com Daily Mail and Mail on Sunday newspapers.
IT completes switch from Duo to Okta – The Bowdoin Orient bowdoinorient.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bowdoinorient.com Daily Mail and Mail on Sunday newspapers.
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