Okta Stock Rises on Strong Results, Outlook as Subscriptions Jump
Okta(OKTA) Investopedia·2024-12-05 00:10
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 ...