Okta, Inc (OKTA) PT Lowered to $105 at JPMorgan

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Okta Announces Second Quarter Fiscal Year 2025 Financial Results

August 28, 2024 4:01 PM EDT

Q2 revenue grew 16% year-over-year; subscription revenue grew 17% year-over-year Current remaining performance obligations (cRPO) grew 13% year-over-year to $1.995 billion Record profitability including GAAP profitability for the first time Operating cash flow of $86 million and free cash flow of $78 million

SAN FRANCISCO--(BUSINESS WIRE)-- Okta, Inc. (Nasdaq: OKTA), the leading independent Identity partner, today announced financial results for its second quarter ended July 31, 2024.

Okta is setting the standard for identity security by focusing on relentless innovation and expanding our product offerings within... More