Okta's Quarterly Numbers Surge Past Estimates
(NASDAQ:OKTA), a leader in identity and access management software, released its fiscal 2025 fourth-quarter earnings on March 3. Its robust financial performance surpassed both analysts' expectations and its own guidance. Non-GAAP earnings per share (EPS) of $0.78 topped the consensus estimate of $0.74, while revenue of $682 million beat the anticipated $668 million.
Source: Analyst estimates provided by FactSet.
Okta operates in the identity and access management sector, offering tools and platforms that verify users' identities and ensure security across organizations. A key feature of its business is the zero-trust model, which only grants a user access after proper verification has been provided and repeatedly reverifies whether that user is legitimate, thus limiting the risk of security breaches. Its main products are the Workforce Identity Cloud and Customer Identity Cloud.
Source Fool.com
Okta Inc. Stock
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