Okta, Inc. develops identity and access management software for workforces, customers, developers, AI agents, users, employees and partners. News about the company centers on the Okta Platform, Auth0 customer identity capabilities, authentication and authorization, AI-agent security frameworks, and customer deployments that consolidate identity management across digital properties.
Recurring updates also include quarterly and annual financial results, subscription revenue trends, remaining performance obligations, investor conference appearances, Regulation FD disclosure practices, Okta Ventures identity reports, and governance or leadership matters. The company’s announcements commonly frame identity as a security control layer for cloud, on-premises, human, machine and AI-related access.
Okta, Inc. (NASDAQ: OKTA), a leading independent identity provider, announced that its management will participate in several investor conferences. Frederic Kerrest (Executive Vice Chairman) will present at the Piper Sandler Global Technology Conference on September 14, 2021. CEO Todd McKinnon will present at Citi's Global Technology Virtual Conference on September 15, 2021. Both presentations will be webcast live and available for replay on Okta's investor relations website. Okta enables secure connections through its Identity Cloud, with over 13,050 organizations relying on its services.
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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) 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, 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.