Recap: Okta Q1 Earnings
Portfolio Pulse from Benzinga Insights
Okta reported Q1 earnings with an EPS of $0.22, beating estimates by 69.23%. Revenue increased by $103.06 million compared to the same period last year.
May 31, 2023 | 8:10 pm
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Okta's Q1 earnings exceeded expectations with an EPS of $0.22 and a YoY revenue increase of $103.06 million.
Okta's Q1 earnings beat estimates by a significant margin, with an EPS of $0.22 compared to the expected $0.13. This positive news is likely to boost investor confidence and drive the stock price up in the short term. Additionally, the company has a history of beating earnings estimates, which further supports the positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100