Okta Q2 Adj $0.72 Beats $0.61 Estimate, Sales $646.00M Beat $632.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Okta reported strong Q2 earnings, with adjusted EPS of $0.72 beating estimates by 18% and sales of $646M surpassing expectations by 2%. This marks significant growth compared to the previous year.
August 28, 2024 | 8:02 pm
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Okta's Q2 earnings exceeded expectations with an EPS of $0.72, a significant 18% above estimates, and sales of $646M, 2% higher than anticipated. This reflects strong year-over-year growth.
Okta's better-than-expected earnings and sales figures indicate strong financial performance, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100