Okta, Inc. (OKTA) Tops Q2 EPS by 24c

Okta, Inc. (NASDAQ: OKTA) reported Q2 EPS of ($0.11), $0.24 better than the analyst estimate of ($0.35). Revenue for the quarter came in at $316 million versus the consensus estimate of $296.23 million.

"In our first quarter as a combined company with Auth0, we\'re off to a fantastic start," said Todd McKinnon, Chief Executive Officer and co-founder of Okta. "Execution remained sharp with strong demand for Okta's workforce and customer identity solutions, as well as Auth0's developer-centric identity solutions. As organizations advance on their journey of improving their customers' digital experience, adopting zero-trust security environments, and deploying more cloud applications, they continue to turn to Okta to deliver an unmatched array of modern identity solutions to meet these challenges."

GUIDANCE:

Okta, Inc. sees Q3 2022 EPS of ($0.25)-($0.24), versus the consensus of ($0.34). Okta, Inc. sees Q3 2022 revenue of $325-327 million, versus the consensus of $322.93 million.

Okta, Inc. sees FY2022 EPS of ($0.77)-($0.74), versus the consensus of ($1.11). Okta, Inc. sees FY2022 revenue of $1.243-1.25 billion, versus the consensus of $1.22 billion.

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

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