Okta reported solid earnings and exceeded management expectations across several key metrics. Okta (OKTA -0.45%), a leader in identity and access management solutions, reported its second-quarter fiscal year 2025 results on Aug. 28, 2024. The company delivered strong financial performance, surpassing management's expectations in several key areas. Total revenue was $646 million, beating the forecasted range of $631 million to $633 million. NonGAAP operating income was $148 million, significantly above the e ...

Okta, Inc. (NASDAQ:OKTA) Q2 2025 Earnings Conference Call August 28, 2024 5:00 PM ET Company Participants Dave Gennarelli - Senior Vice President, Investor Relations Todd McKinnon - Chief Executive Officer & Co-Founder Brett Tighe - Chief Financial Officer Conference Call Participants John DiFucci - Guggenheim Shrenik Kothari - Baird Annick Baumann - Jefferies Madeline Brooks - BofA Charlotte Bedick - JPMorgan Joe Vandrick - Scotiabank Manraj Bevli - Bernstein Mark Cash - Raymond James Trevor Rambo - BTIG B ...

For the quarter ended July 2024, Okta (OKTA) reported revenue of $646 million, up 16.2% over the same period last year. EPS came in at $0.72, compared to $0.31 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $632.24 million, representing a surprise of +2.18%. The company delivered an EPS surprise of +18.03%, with the consensus EPS estimate being $0.61. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expect ...

| --- | --- | |--------------------------------|-------| | | | | | | | | | | Q2 FY25 Investor Presentation | | | August 28, 2024 | | Safe harbor This presentation contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook, business strategy and plans, market trends and market size, opportunities and positioning. These forward-looking statements are b ...

Okta (OKTA) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 18.03%. A quarter ago, it was expected that this cloud identity management company would post earnings of $0.54 per share when it actually produced earnings of $0.65, delivering a surprise of 20.37%. Over the last four quarte ...

Exhibit 99.1 Okta Announces Second Quarter Fiscal Year 2025 Financial Results • Q2 revenue grew 16% year-over-year; subscription revenue grew 17% year-over-year • Current remaining performance obligations (cRPO) grew 13% year-over-year to $1.995 billion • Record profitability including GAAP profitability for the first time • Operating cash flow of $86 million and free cash flow of $78 million SAN FRANCISCO – August 28, 2024 – Okta, Inc. (Nasdaq: OKTA), the leading independent Identity partner, today announc ...

Okta (OKTA) is set to release second-quarter fiscal 2025 results on Aug 28. For the fiscal second quarter, it anticipates non-GAAP earnings in the range of 60-61 cents per share. Revenues are expected in the range of $631-$633 million, indicating growth of 13-14% from the year-ago period's reported figure. The Zacks Consensus Estimate for earnings has remained steady at 61 cents per share over the past 30 days, indicating year-over-year growth of 96.77%. The consensus mark for revenues is pegged at $632.24 ...

Okta (OKTA) shares have gained a modest 7.3% year to date (YTD), underperforming the broader Zacks Computer & Technology sector's return of 22.8% but outperforming the Zacks Internet Software-Services industry's gain of 3.9%. OKTA has been suffering from a challenging macroeconomic environment and the negative impact of the security breach. It expects current remaining performance obligation growth between 10% and 11% which is lower than 15% reported in the first quarter of fiscal 2025. However, we believe ...

Wall Street analysts forecast that Okta (OKTA) will report quarterly earnings of $0.61 per share in its upcoming release, pointing to a year-over-year increase of 96.8%. It is anticipated that revenues will amount to $632.24 million, exhibiting an increase of 13.7% compared to the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Prior to ...

Customers with more than $100K in Annual Contract Value (ACV) increased 12% year over year to 4,550. OKTA added 400 new customers in the reported quarter, out of which 160 customers were in the $100K-plus ACV category. Cloud Native Application Protection Platforms, provided by the likes of CrowdStrike (CRWD) and Palo Alto Networks, witnessed the greatest year-over-year growth of 31.5%, followed by Identity and Access Management (IAM) at 21.4%. OKTA's revenues are expected to witness a CAGR of 25% between fi ...