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. (Nasdaq: OKTA) reported strong financial results for the fourth quarter and fiscal year ended January 31, 2021. Fourth quarter revenue reached $234.7 million, a 40% year-over-year increase, with subscription revenue of $225.4 million, up 42%. Remaining Performance Obligations (RPO) grew by 49% to $1.80 billion. Despite a GAAP net loss of $75.8 million, Okta achieved a non-GAAP net income of $8.0 million. The company forecasts Q1 fiscal 2022 revenue between $237 million to $239 million and full-year revenue of $1.08 billion to $1.09 billion, reflecting strong growth prospects.
Okta, Inc. (NASDAQ: OKTA) has announced it will release its financial results for Q4 and fiscal year 2021, ending January 31, 2021, after U.S. market close on March 3, 2021. A video webcast is scheduled for the same day at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. The Okta Identity Cloud continues to enable over 9,400 organizations to securely connect their workforces with more than 6,500 pre-built integrations, showcasing its strong market position.
Okta, Inc. (NASDAQ: OKTA) announced participation in several upcoming investor conferences. Key events include:
- UBS Global TMT Virtual Conference: Frederic Kerrest, COO, presenting on December 9, 2020.
- Goldman Sachs Technology and Internet Conference: Todd McKinnon, CEO, presenting on January 12, 2021.
- 23rd Annual Needham Virtual Growth Conference: Bill Losch, CFO, presenting on January 14, 2021.
Live webcasts will be available on Okta's investor relations website, with replays following the events.
Okta, a leader in identity management, announced at AWS re:Invent 2020 that its Okta Identity Cloud is now available in the AWS Marketplace. This allows global customers to purchase identity products seamlessly while integrating with AWS services like AWS Control Tower. The partnership aims to streamline cloud migration for enterprises, enhancing security and management of sensitive data. Okta's robust network of integrations supports organizations amidst a growing need for secure identity solutions in a remote work environment.
Okta, Inc. (NASDAQ:OKTA) reports robust developments in the financial services sector, expanding partnerships with notable clients such as Canadian Western Bank and First National of Nebraska. The company announced its third fiscal quarter performance, growing its customer base to 9,400 organizations. Key achievements include the deployment of Okta’s identity solutions across various financial institutions, improving security and user experience. CEO Todd McKinnon emphasizes the importance of trust and seamless digital experiences in financial services as companies undergo digital transformation.
Okta, Inc. (NASDAQ: OKTA) reported robust financial results for Q3 FY2021, ending October 31, 2020. Total revenue reached $217.4 million, marking a 42% year-over-year growth. Subscription revenue stood at $206.7 million, up 43%. Remaining Performance Obligations (RPO) increased to $1.58 billion, with current RPO at $753.2 million, rising 46% year-over-year. Despite a GAAP net loss of $72.8 million, Okta's non-GAAP net income was $5.7 million. The company raised its fiscal year outlook, forecasting revenue of $822 million to $823 million for 2021.
Okta, Inc. (NASDAQ:OKTA) has been recognized as a Leader in the Gartner Magic Quadrant for Access Management for the fourth consecutive year. Gartner notes Okta as a top provider with advanced tools for identity and access management. The company is the only vendor to achieve a Leader position in all seven IDaaS and Access Management Magic Quadrants. Okta emphasizes its commitment to customers and innovation in identity management, highlighted by recent product launches and virtual events, including Oktane20, drawing tens of thousands of attendees.
Okta, Inc. (NASDAQ: OKTA) will announce its financial results for the third quarter of fiscal 2021, ending October 31, 2020, after U.S. market close on December 2, 2020. A video webcast discussing these results will occur at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) on the same day. The Okta Identity Cloud supports over 8,950 organizations to securely connect users to technologies, with more than 6,500 pre-built integrations available. Interested parties can access the webcast and press release via the investor relations website.
Okta, Inc. (NASDAQ:OKTA) announces new Customer Identity and Okta Access Gateway Specializations during the Okta Showcase. This move is part of a broader initiative to leverage the substantial growth in its global channel partner ecosystem, which has expanded by over 400% in the past two years. The new offerings aim to assist partners in addressing hybrid IT challenges and enhancing customer digital experiences, crucial in the wake of the COVID-19 pandemic. Okta emphasizes its commitment to empowering partners with training and resources to provide comprehensive identity solutions.
Okta, Inc. (NASDAQ: OKTA) has announced a webcast for its Showcase 2020 Keynote and Investor/Analyst Q&A sessions scheduled for October 7, 2020. The Keynote will begin at 9:00 a.m. PT, followed by the Q&A at 1:30 p.m. PT. Both sessions can be accessed through the investor relations section of Okta's website, where replays will also be available. Okta is a leading independent identity provider, serving over 8,950 organizations, including well-known companies like Engie and T-Mobile.
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