Okta, Inc. (OKTA) Tops Q3 EPS by 5c; Guides

Okta, Inc. (NASDAQ: OKTA) reported Q3 EPS of $0.04, $0.05 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $217.4 million versus the consensus estimate of $202.7 million.

"We are seeing the importance of a modern identity platform like the Okta Identity Cloud grow as businesses around the world accelerate their adoption of cloud-based applications and re-imagine their digital customer experiences,” said Todd McKinnon, Chief Executive Officer and co-founder of Okta. “Our strong third quarter results reflect Okta's leading position in identity and access management and our continued ability to execute and drive industry-leading performance.”

GUIDANCE:

Okta, Inc. sees Q4 2021 EPS of ($0.02)-($0.01), versus the consensus of ($0.02). Okta, Inc. sees Q4 2021 revenue of $221-222 million, versus the consensus of $216.2 million.

Okta, Inc. sees FY2021 EPS of $0.04-$0.05, versus the consensus of ($0.01). Okta, Inc. sees FY2021 revenue of $822-823 million, versus the consensus of $803.32 million.

For earnings history and earnings-related data on Okta, Inc. (OKTA) click here.

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