OKTA's Q1 Earnings Beat Estimates, Revenues Increase Y/Y
OKTAOkta(OKTA) ZACKS·2024-05-31 01:31

Okta, Inc. (OKTA) reported first-quarter fiscal 2025 earnings of 65 cents per share, comfortably beating the Zacks Consensus Estimate by 20.37%. It reported earnings of 22 cents per share in the year-ago quarter. Total revenues increased 19.1% year over year to $617 million and surpassed the consensus mark by 2.1%. The year-over-year upside can be attributed to higher subscription revenues. Okta shares were up 5.62% in after-hours trading. Shares have gained 6.5% year to date, underperforming the Zacks Comp ...