Okta Stock Rises on Strong Results, Outlook as Subscriptions Jump

Key TakeawaysOkta reported earnings and revenue that exceeded estimates as the business security software provider's subscriptions grew.The company also predicted current-quarter adjusted EPS and sales that were above forecasts.CEO Todd McKinnon said the results were "underpinned by continued strong profitability and cash flow." Shares of Okta (OKTA) rose Wednesday, a day after the business security software provider posted better-than-expected results and current-quarter guidance as subscription revenue ro ...