Okta Expects Q2 Total Revenue Of $533M-$535M (Consensus $527.87M), Non-GAAP EPS Of $0.21-$0.22 (Consensus $0.17)
Portfolio Pulse from Benzinga Newsdesk
Okta expects Q2 total revenue of $533M-$535M, surpassing the consensus estimate of $527.87M, and non-GAAP EPS of $0.21-$0.22, higher than the consensus of $0.17.
May 31, 2023 | 8:12 pm
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POSITIVE IMPACT
Okta's Q2 revenue and non-GAAP EPS projections exceed consensus estimates, indicating strong financial performance.
Okta's higher-than-expected Q2 revenue and non-GAAP EPS forecasts suggest that the company is performing well financially. This positive news is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100