Core Insights - Okta reported revenue of $682 million for the quarter ended January 2025, reflecting a year-over-year increase of 12.7% [1] - The company's EPS was $0.78, up from $0.63 in the same quarter last year, exceeding the consensus estimate of $0.73 by 6.85% [1] - The revenue surpassed the Zacks Consensus Estimate of $668.8 million, resulting in a surprise of 1.97% [1] Financial Metrics - Remaining performance obligations stood at $4.22 billion, exceeding the five-analyst average estimate of $3.83 billion [4] - Current remaining performance obligations (cRPO) were reported at $2.25 billion, compared to the average estimate of $2.14 billion [4] - Total customers reached 19,650, slightly below the average estimate of 19,810 [4] - The TTM Dollar Based Net Retention Rate was 107%, matching the average estimate [4] - Subscription revenue was $670 million, surpassing the average estimate of $654.53 million, representing a year-over-year increase of 13.4% [4] - Revenue from professional services and other was $12 million, below the average estimate of $13.78 million, indicating a year-over-year decline of 14.3% [4] Stock Performance - Okta's shares have returned -4% over the past month, compared to a -1.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), suggesting potential outperformance against the broader market in the near term [3]

Okta (OKTA) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.85%. A quarter ago, it was expected that this cloud identity management company would post earnings of $0.57 per share when it actually produced earnings of $0.67, delivering a surprise of 17.54%.Over the last four quarters ...

Okta reported strong results for its fiscal 2025 fourth quarter, outperforming both analysts' estimates and management's guidance.Okta (OKTA -3.68%), a leader in identity and access management software, released its fiscal 2025 fourth-quarter earnings on March 3. Its robust financial performance surpassed both analysts' expectations and its own guidance. Non-GAAP earnings per share (EPS) of $0.78 topped the consensus estimate of $0.74, while revenue of $682 million beat the anticipated $668 million. MetricF ...

Enterprise-scale customers are plumping up the bottom line.Here's our initial take on Okta's (OKTA -3.68%) financial report.Key MetricsMetricQ4 2024Q4 2025Changevs. ExpectationsRevenue$605 million$682 million13%BeatEarnings per share$0.63$0.7824%BeatNet retention rate111%107%-400 bpn/aFree cash flow$166 million$284 million71%n/aOkta's Focus on Large Customers Pays OffIdentity verification software vendor Okta reported solid numbers in the fourth quarter of its 2025 fiscal year, beating Wall Street top- and ...

Core Viewpoint - Okta Inc. has provided an optimistic revenue forecast for the upcoming fiscal year, exceeding analyst expectations [1] Revenue Forecast - The company projects revenue between $2.85 billion and $2.86 billion for the new fiscal year, surpassing the FactSet consensus of $2.79 billion [1] - For the fiscal first quarter, Okta anticipates revenue of $678 million to $680 million, compared to analyst projections of $670 million [1]

Exhibit 99.1 Okta Announces Fourth Quarter And Fiscal Year 2025 Financial Results SAN FRANCISCO – March 3, 2025 – Okta, Inc. (Nasdaq: OKTA), the leading independent Identity partner, today announced financial results for its fourth quarter and fiscal year ended January 31, 2025. "Okta's strong financial results were highlighted by accelerating RPO and cRPO, coupled with record profitability and cash flow," said Todd McKinnon, Chief Executive Officer and co-founder of Okta. "In a rapidly evolving IT and secu ...

WestPark Capital analyst Casey Ryan reiterated Okta Inc OKTA with a Buy and a $140 price target.Okta will report fourth-quarter and fiscal 2025 results on March 3 after the market close.Street estimates call for revenues of $668 million and EPS of $0.73 compared to WestPark estimates for $670 million and $0.71.Also Read: Citigroup Accidentally Sends $81 Trillion To Client, Reverses Error Within HoursKey metrics include total remaining performance obligations (Total RPO), which grew 19% in the third quarter, ...

Company Overview - Okta is set to release its fourth-quarter fiscal 2025 results on March 3, with anticipated non-GAAP earnings in the range of 73-74 cents per share and revenues expected between $667-$669 million, indicating a growth of 10-11% year-over-year [1] - The Zacks Consensus Estimate for earnings has remained steady at 73 cents per share, reflecting a year-over-year growth of 15.87%, while the revenue consensus is pegged at $668.8 million, indicating an increase of 10.6% from the previous year [2] Customer Growth and Product Adoption - Okta exited the third-quarter fiscal 2025 with 19,450 customers and $2.062 billion in current remaining performance obligations, showcasing strong growth prospects for subscription revenues [3] - The number of customers with more than $100 thousand in Annual Contract Value increased by 8% year-over-year to 4,705, indicating robust demand for Okta's solutions [3] - The adoption of Okta's Workforce and Customer Identity solutions is expected to have continued momentum, driven by the integration of AI capabilities across its platforms [4] Product Innovations and Market Demand - Okta is benefiting from strong demand for its Identity Governance solutions, which represent about one-third of contract value in workforce deals, with new products gaining traction [5] - The enhancements to the Auth0 Free Plan, including increased monthly active users and new security features, are expected to help expand Okta's clientele [6] Stock Performance and Valuation - Okta shares have declined by 16.8% over the past 12 months, underperforming the Zacks Computer & Technology sector and the Zacks Security industry [7] - The stock is currently trading at a forward Price/Cash Flow ratio of 23.86X, which is higher than the broader sector's 21.72X, indicating a stretched valuation [10] Industry Trends and Growth Prospects - The global security market is expected to witness double-digit growth over the next five years, with revenues projected to reach $200 billion by 2028, and Identity and Access Management (IAM) is anticipated to be one of the fastest-growing segments [17] - The growing need for secured remote access and enhanced protection during digital transformation is expected to drive demand for IAM solutions, benefiting Okta's long-term prospects [18] Conclusion - Okta's strong portfolio and positive industry trends justify its premium valuation, with a Zacks Rank of 1 (Strong Buy) and a Growth Score of A, indicating a strong investment opportunity [19]

A downtrend has been apparent in Okta (OKTA) lately. While the stock has lost 7.9% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for the stock. O ...

Wall Street analysts forecast that Okta (OKTA) will report quarterly earnings of $0.73 per share in its upcoming release, pointing to a year-over-year increase of 15.9%. It is anticipated that revenues will amount to $668.8 million, exhibiting an increase of 10.6% compared to the year-ago quarter.Over the last 30 days, there has been an upward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of thei ...