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Is Okta a Buy After Earnings?

TheMotleyFool

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Is Okta a Buy After Earnings?Photo, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

Investors have some new reasons to be excited about Okta's (NASDAQ: OKTA) business. The cloud services specialist this past week boosted its 2022 outlook for both sales and profits. Sure, Okta is still expecting to book an annual loss this year as it prioritizes growth and works to integrate its Auth0 acquisition. But the business is gaining share in an attractive market today.

Let's take a closer look at fiscal 2023 first-quarter earnings and see what else company management had to say.

Image source: Getty Images.

Source Fool.com

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