From Barchart: 2024-12-04 07:40:00

Okta’s stock price surged 17% in pre-market trading following a strong third-quarter performance. Revenue grew 14% to $651 million, with a net income of $17 million, a drastic improvement from last year’s $81 million loss. Strategic investments in partners, public sector, and large enterprises drove growth and profitability.

For the fourth quarter, Okta expects revenue of $667-669 million, a 10-11% increase year-over-year. Current remaining performance obligations are projected to be $2.13-2.135 billion, up 9% from last year. The company’s focus on strategic investments and partnerships is paying off with strong financial results and outlook.



Read more at Barchart:: Okta Shares Surge 17% After Reporting Strong Q3 Pr…