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published in Blogs
Jun 05, 2022
Okta (OKTA, $98.38) tops Q1 earnings expectations

Okta (OKTA, $98.38) tops Q1 earnings expectations

Okta posted its first quarter earnings that exceeded analysts’ expectations.

The enterprise identity management company’s earnings came in at ($0.27) per share for the quarter, beating analysts’ consensus estimates of ($0.34), MarketWatch Earnings reports.

Revenue surged +65.3% from the year-ago quarter to $414.94 million, compared to the consensus estimate of $388.77 million.

Okta updated its second quarter earnings outlook on loss per share at   $(0.32)-(0.31) for the period, compared to the consensus estimate of ($0.34). The company expects revenue in the range of $428-430 million for the quarter, compared to the consensus revenue estimate of $422.87 million. For its FY 2023, it expects earnings per share in the range of  -$1.14–$1.11 .

Related Tickers: OKTA