Okta's Third-Quarter Revenue Jumps 45%

Okta (NASDAQ: OKTA) has been on a tear. The stock is up more than 85% over the past 12 months as the company fortifies its leadership position in the nascent digital identity-management market. Of course, with such strong performance in the rearview mirror, expectations were high going into the company's third-quarter update on Thursday.

The tech company delivered. Both the company's top and bottom lines came in above management's guidance range for the metrics. In addition, Okta boosted its outlook for the full year.

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Source Fool.com