Okta Q1 Earnings: Revenue Beat, EPS Beat, Raised Guidance — 'Massive Opportunity' Ahead And More
Portfolio Pulse from Adam Eckert
Okta Inc (NASDAQ:OKTA) reported strong fiscal first-quarter results, beating both revenue and earnings estimates. The company also raised its guidance for the second quarter and full year, citing significant opportunities in the cybersecurity market.
May 29, 2024 | 8:46 pm
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Okta reported Q1 revenue of $617 million, beating estimates and showing a 19% YoY increase. Adjusted EPS was 65 cents, also beating estimates. The company raised its guidance for Q2 and the full year, indicating strong future performance.
Okta's strong financial performance and raised guidance suggest positive momentum. The market has reacted positively, with shares up 1.49% after hours. This indicates investor confidence in the company's future prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100