Okta (OKTA) reported $665 million in revenue for the quarter ended October 2024, representing a year-over-year increase of 13.9%. EPS of $0.67 for the same period compares to $0.44 a year ago.The reported revenue represents a surprise of +2.40% over the Zacks Consensus Estimate of $649.42 million. With the consensus EPS estimate being $0.57, the EPS surprise was +17.54%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________ FORM 10-Q _____________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 For the quarterly period ended October 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 For the transition period from to Commission File Number: 001-38044 _____________________________________ Okta, I ...

Okta (OKTA) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.54%. A quarter ago, it was expected that this cloud identity management company would post earnings of $0.61 per share when it actually produced earnings of $0.72, delivering a surprise of 18.03%.Over the last four quarter ...

| --- | --- | |--------------------------------|-------| | | | | | | | | | | Q3 FY25 Investor Presentation | | | December 3, 2024 | | Safe Harbor This prepared commentary 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 statemen ...

Core Insights - Okta's stock surged over 15% following the release of its third-quarter earnings, which exceeded consensus estimates for both earnings and revenue [1][3] - The company reported adjusted earnings of 67 cents per share, a 52% increase year-over-year, and revenue of $665 million, reflecting a 14% growth [1][2] - Okta's subscription revenue also grew by 14% to $651 million, surpassing the consensus estimate of $635 million [2] Financial Performance - The earnings report indicated that analysts had anticipated earnings of 58 cents per share and revenue of $650 million [2] - For the upcoming January quarter, Okta forecasts revenue growth of 10.5% to $668 million, exceeding the expected $651 million [2] Market Reaction - Following the earnings announcement, Okta's stock price rose to $94.58 in extended trading, recovering from a 12% decline earlier in 2024 [3] - Prior to the earnings report, Okta had a Relative Strength Rating of 24 out of a possible 99, indicating weaker performance compared to peers [3] Competitive Landscape - The company faces growing competition from Microsoft, which poses a challenge to its market position [4]

Todd McKinnon, CEO and co-founder of Okta, speaks during the BoxWorks 2019 Conference in San Francisco, California, on Oct. 3, 2019.Shares of Okta popped more than 18% in extended trading on Tuesday after the identity management company released third-quarter results that beat analysts' estimates and offered rosy guidance.Here's how the company did:Earnings per share: 67 cents adjusted vs. 58 cents expected by LSEG.Revenue: $665 million vs. $650 million expected by LSEG.Okta helps companies manage employees ...

Exhibit 99.1 Okta Announces Third Quarter Fiscal Year 2025 Financial Results • Q3 revenue grew 14% year-over-year; subscription revenue grew 14% year-over-year • Remaining performance obligations (RPO) grew 19% year-over-year; current remaining performance obligations (cRPO) grew 13% year-over-year • Operating cash flow of $159 million and free cash flow of $154 million SAN FRANCISCO – December 3, 2024 – Okta, Inc. (Nasdaq: OKTA), the leading independent Identity partner, today announced financial results f ...

Okta (OKTA) is set to release third-quarter fiscal 2025 results on Dec. 3.For the fiscal third quarter, it anticipates non-GAAP earnings in the range of 57-58 cents per share. Revenues are expected in the range of $648-$650 million, indicating growth of 11% from the year-ago period’s reported figure.The Zacks Consensus Estimate for earnings has remained steady at 57 cents per share, indicating year-over-year growth of 29.55%. The consensus mark for revenues is pegged at $649.42 million, indicating an increa ...

In its upcoming report, Okta (OKTA) is predicted by Wall Street analysts to post quarterly earnings of $0.57 per share, reflecting an increase of 29.6% compared to the same period last year. Revenues are forecasted to be $649.42 million, representing a year-over-year increase of 11.2%.Over the last 30 days, there has been an upward revision of 2.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial fo ...

Okta (OKTA) closed at $76.50 in the latest trading session, marking a -0.09% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.3%. Meanwhile, the Dow gained 0.99%, and the Nasdaq, a tech-heavy index, added 0.27%.The cloud identity management company's stock has climbed by 5.99% in the past month, exceeding the Computer and Technology sector's gain of 0.27% and the S&P 500's gain of 2.1%.The investment community will be closely monitoring the performance of Okta in it ...