OKTA's Q1 Earnings Beat Estimates, Revenues Increase Y/Y
OKTA's first-quarter fiscal 2025 results reflect the benefits of an expanding clientele and a strong product portfolio.
Here's What Key Metrics Tell Us About Okta (OKTA) Q1 Earnings
While the top- and bottom-line numbers for Okta (OKTA) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Okta reduces net losses following 400-strong workforce cull
Cloud-based identity software company Okta Inc (NASDAQ:OKTA) cut its net losses in the quarterly period ending 30 April to $40 million from the thumping $119 million net loss reported in the previous year. It follows a workforce restructuring programme announced in February that saw 400 team members laid off.
Okta, Inc. (OKTA) Q1 2025 Earnings Call Transcript
Okta, Inc. (NASDAQ:OKTA ) Q1 2025 Earnings Conference Call May 29, 2024 5:00 PM ET Company Participants Dave Gennarelli - SVP of IR Todd McKinnon - CEO & Co-Founder Brett Tighe - CFO Conference Call Participants Gabriela Borges - Goldman Fatima Boolani - Citi Brad Zelnick - Deutsche Bank Eric Heath - KeyBanc Adam Tindle - Raymond James Hamza Fodderwala - Morgan Stanley Madeline Brooks - BofA Patrick Colville - Scotiabank Joe Gallo - Jefferies Rudy Kessinger - D.A. Davidson Gray Powell - BTIG John DiFucci - Guggenheim Andy Nowinksi - Wells Fargo Josh Tilton - Wolfe Research Rob Owens - Piper Sandler Alex Henderson - Needham Peter Levine - Evercore Jonathan Ho - William Blair Matt Hedberg - RBC Roger Boyd - UBS Peter Weed - Bernstein Adam Borg - Stifel Brian Essex - JPMorgan Operator Hi, everyone.
Okta (OKTA) Q1 Earnings and Revenues Top Estimates
Okta (OKTA) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.22 per share a year ago.
Okta lifts its earnings outlook while taking ‘prudent' view of customers' budgets
Okta Inc. boosted its outlook on Wednesday, even as the company takes a “prudent” view in light of some macroeconomic pressures on smaller customers.
3 Sorry Cybersecurity Stocks to Sell in May While You Still Can
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Okta: Turnaround Already Underway After Its Recent Plunge
Okta stock fell into a bear market after its euphoric surge following its previous earnings release. Okta investors are likely feeling uncertain, as we approach its earnings scorecard next week. Okta faces intense competition against Microsoft. However, it has also proven its business model.
Insights Into Okta (OKTA) Q1: Wall Street Projections for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Okta (OKTA), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended April 2024.
Is Trending Stock Okta, Inc. (OKTA) a Buy Now?
Okta (OKTA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Okta (OKTA) Stock Slides as Market Rises: Facts to Know Before You Trade
In the most recent trading session, Okta (OKTA) closed at $101.38, indicating a -1.22% shift from the previous trading day.
