Welcome to our dedicated page for Okta news (Ticker: OKTA), a resource for investors and traders seeking the latest updates and insights on Okta stock.
Okta Inc (OKTA) provides cloud-native identity management solutions that secure enterprise and customer access across digital ecosystems. This page serves as Stock Titan's definitive collection of official company announcements, financial updates, and market analysis related to Okta's operations.
Investors and professionals will find curated press releases covering product innovations, quarterly earnings, strategic partnerships, and cybersecurity initiatives. Our repository ensures timely access to material developments affecting Okta's market position in identity management and cloud security sectors.
Key focus areas include enterprise security updates, technology integrations, and compliance developments. All content is verified through primary sources to maintain accuracy and relevance for stakeholders monitoring OKTA's performance.
Bookmark this page for streamlined tracking of Okta's evolving role in securing digital transformations. Visit regularly to stay informed about critical developments shaping the identity management landscape.
Okta, Inc. reported strong Q2 FY2022 results, with total revenue rising 57% year-over-year to $316 million. Subscription revenue also increased, growing 59% to $303 million. Remaining Performance Obligations reached $2.24 billion, a 57% increase. Despite this growth, the GAAP operating loss widened to $263 million, and the GAAP net loss was $277 million. For Q3 FY2022, Okta anticipates revenue between $325 million and $327 million, indicating a 50% year-over-year growth rate.
Okta, Inc. (NASDAQ:OKTA) announces Sagnik Nandy as its new President of Technology and CTO. Nandy joins Okta’s executive team, reporting to CEO Todd McKinnon. He brings over 15 years of experience from Google, where he led engineering initiatives for core advertising and analytics. Nandy aims to enhance Okta's product development and strengthen its market leadership in identity solutions. McKinnon emphasizes Nandy's strong technical background and leadership skills as pivotal for driving innovation at Okta, which focuses on secure digital access for organizations globally.
Okta, Inc. (NASDAQ: OKTA) announced it will release its financial results for the second quarter of fiscal 2022 on September 1, 2021, after market close. The live video webcast will begin at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. As a leader in identity solutions, Okta provides secure access to over 10,650 organizations through its Identity Cloud, boasting more than 7,000 integrations with applications and infrastructure. Investors can find the press release on the Okta investor relations website before the event.
Okta, Inc. (NASDAQ:OKTA) has appointed John Zissimos as its first Chief Digital Officer. Reporting to CMO Kendall Collins, Zissimos will spearhead Okta's creative, campaign, digital, and brand strategies. With extensive experience from Google and Salesforce, he aims to elevate Okta's brand into an iconic status, enhancing user experiences. Zissimos expressed enthusiasm for Okta's culture and purpose, committed to empowering clients and strengthening the company's identity in the marketplace.
Okta, a leading independent identity provider, announced that its management team will participate in two upcoming investor conferences. CEO Todd McKinnon will present at the William Blair 41st Annual Growth Stock Conference on June 3, 2021, while Executive Vice Chairman Frederic Kerrest will speak at the Bank of America Securities 2021 Global Technology Conference on June 8, 2021. Both presentations will be streamed live on Okta’s investor relations website, with replays available afterwards. Okta supports over 10,650 organizations with its Identity Cloud, providing secure access to technology.
Okta, Inc. (NASDAQ:OKTA) has achieved a Provisional Authorization To Operate (P-ATO) at Impact Level 4 (IL4) from the Defense Information Systems Agency. This authorization enhances government agencies' adoption of Okta Identity Cloud, facilitating digital transformation by providing secure identity solutions. The IL4 P-ATO reinforces Okta's commitment to securing critical government data and follows its previous FedRAMP Moderate ATO achievement. With over 10,650 customers, Okta continues to support agencies in modernizing identity management while addressing Zero Trust security challenges.
Okta, Inc. (NASDAQ:OKTA) has appointed Jeff Epstein, former CFO of Oracle, to its board of directors as audit committee chair, effective May 25, 2021. With over 30 years in financial leadership, Epstein aims to leverage his extensive knowledge in enterprise software to contribute to Okta's growth in identity solutions. This appointment coincides with Okta's business momentum, following its acquisition of Auth0 and the launch of new products, Okta Identity Governance and Okta Privileged Access Management, targeting digital transformation and zero trust security.
Okta, Inc. (NASDAQ:OKTA) announced expansion in the public sector with deployments in Kansas and Iowa. The Kansas Department of Labor utilized Okta's solutions to combat fraudulent unemployment claims, stopping over 7.68 million bot attempts. Iowa has adopted Okta's identity solutions for its 25,000 employees, facilitating access to online services for citizens. In Q1 fiscal 2022, Okta added over 10,650 customers and revealed new leadership and product innovations, including advancements in Identity Governance and Privileged Access Management. The company completed the acquisition of Auth0, furthering its growth.
Okta reported strong financial results for Q1 FY22 with total revenue of $251 million, a 37% increase year-over-year. Subscription revenue reached $240 million, up 38%. Remaining Performance Obligations (RPO) grew by 52% to $1.89 billion. However, the company recorded a GAAP net loss of $109 million, worsening from the previous year's $58 million net loss. The acquisition of Auth0 is set to enhance Okta's identity platform, driving growth in the $80 billion identity market.
Okta, Inc. (NASDAQ:OKTA) has successfully completed its acquisition of Auth0, valued at approximately $6.5 billion. This strategic acquisition aims to expand Okta's reach in the $80 billion identity market, enhancing its offerings in secure digital access for customers and employees. Auth0 will function as an independent unit, led by its CEO, and will synergize with Okta's existing services to foster innovation. The transaction is expected to create substantial value for both companies in terms of market expansion and customer flexibility.
FAQ
What is the current stock price of Okta (OKTA)?
What is the market cap of Okta (OKTA)?
