OKTA's Q4 Earnings Beat Estimates, Revenues Increase Y/Y
OKTAOkta(OKTA) Zacks Investment Research·2024-03-01 00:31

Okta (OKTA) reported fourth-quarter fiscal 2024 earnings of 63 cents per share, comfortably beating the Zacks Consensus Estimate by 23.53%. The company reported earnings of 30 cents in the year-ago quarter. Total revenues increased 18.6% year over year to 605millionandsurpassedtheconsensusmarkof605 million and surpassed the consensus mark of 586 million. The year-over-year upside can be attributed to higher subscription revenues. Okta’s total customer count was 18,950, up 8% year over year. Customers with more than $100K in Annual Contract Valu ...