Okta Reports Q2 Results: EPS Beat, Sales Beat, Record Profitability
Portfolio Pulse from Erica Kollmann
Okta, Inc. (NASDAQ:OKTA) reported strong Q2 results, beating EPS and sales estimates, and achieving record profitability. The company also provided a positive outlook for Q3 and fiscal year 2025. Despite the positive results, Okta shares fell 7.64% after-hours.
August 28, 2024 | 8:39 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Okta reported better-than-expected Q2 earnings and sales, with record profitability. The company also provided a positive outlook for Q3 and fiscal year 2025. Despite these strong results, Okta's stock fell 7.64% after-hours.
Okta's Q2 results exceeded expectations with a significant EPS beat and strong sales growth. The positive outlook for Q3 and fiscal year 2025 suggests continued growth. However, the after-hours stock price drop may be due to market volatility or profit-taking.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100