Okta's Earnings Call: 3 Takeaways
Judging by the initial stock price jump after the announcement, investors appeared to be happy with the latest earnings report from Okta (NASDAQ: OKTA) on Sept. 1. Sure, the giant in digital identity management saw a second straight quarter of losses. But its customer list is expanding, and these clients are increasingly boosting their contract commitments. Strong booking trends also imply robust profitability ahead as Okta integrates the new Auth0 business into the fold.
In a conference call with Wall Street analysts following the release, CEO Todd McKinnon and his team explained how these developments should support investor returns over the long term. Let's look at a few highlights from that presentation.
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Source Fool.com
