Okta Sees Q3 EPS $0.57-$0.58 Vs $0.55 Est.; Revenue $648M-$650M Vs $639.13M Est.; FY25 EPS $2.58-$2.63 Vs $2.42 Est.; Revenue $2.555B-$2.565B Vs $2.54B Est.
Portfolio Pulse from Benzinga Newsdesk
Okta has raised its financial outlook for Q3 and FY25, expecting higher EPS and revenue than previously estimated. The company anticipates Q3 EPS of $0.57-$0.58 and revenue of $648M-$650M, and FY25 EPS of $2.58-$2.63 and revenue of $2.555B-$2.565B. Despite a challenging macro environment and a recent security incident, Okta projects strong growth and improved margins.
August 28, 2024 | 8:03 pm
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Okta has increased its financial guidance for Q3 and FY25, projecting higher EPS and revenue than previously estimated. The company expects Q3 EPS of $0.57-$0.58 and revenue of $648M-$650M, and FY25 EPS of $2.58-$2.63 and revenue of $2.555B-$2.565B. This positive outlook comes despite a challenging macro environment and a recent security incident.
Okta's raised guidance for both Q3 and FY25 indicates strong expected performance, which is likely to positively impact the stock price. The company's ability to project growth despite macroeconomic challenges and a recent security incident suggests resilience and effective management, boosting investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100