OKTA Beats Q2 Earnings Estimates: Guidance Raise to Lift Shares?
Okta(OKTA) ZACKS·2024-08-30 01:10
Okta (OKTA) reported second-quarter fiscal 2025 earnings of 72 cents per share, beating the Zacks Consensus Estimate by 18.03%. The company posted earnings of 31 cents per share in the year-ago quarter. Total revenues increased 16% year over year to $646 million and surpassed the consensus mark by 2.18%. The year-over-year upside can be attributed to higher subscription revenues. OKTA raised its top-line guidance for the fiscal 2025 based on its strong second-quarter performance and operational efficiencies ...