Okta Expects Q2 Total Revenue Of $631M-$633M (Est $615.824M), Adj EPS Of $0.60 - $0.61 (Est $0.54)
Portfolio Pulse from Benzinga Newsdesk
Okta has announced its Q2 revenue expectations to be between $631M and $633M, surpassing the estimated $615.824M. Additionally, the company expects an adjusted EPS of $0.60 to $0.61, higher than the estimated $0.54.
May 29, 2024 | 8:06 pm
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POSITIVE IMPACT
Okta's Q2 revenue and adjusted EPS projections exceed market expectations, indicating strong financial performance.
Okta's higher-than-expected revenue and EPS projections suggest strong business performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100