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 (NASDAQ:OKTA) has appointed Eric Kelleher as President and Chief Operating Officer (COO), reporting to CEO Todd McKinnon. In his new role, Kelleher will oversee Marketing, Customer First, Company Operations, GTM Strategy & Operations, Business Technology, Data & Insights, Communications, and Okta for Good teams.
Kelleher, who has been with Okta since 2016, will form a new Office of the COO focused on reigniting growth and championing the Okta Secure Identity Commitment. He previously served as President of Customer Experience & Communications, with over 25 years of experience leading customer teams and SaaS companies.
Additionally, Eugenio Pace, President of Business Operations, will retire at the end of March 2025 after nearly four years following Okta's acquisition of Auth0. The company currently serves more than 19,450 customers worldwide.
Okta (NASDAQ: OKTA), the leading independent Identity partner, has announced it will release its fourth quarter and fiscal year 2025 financial results on Monday, March 3, 2025, after U.S. market close. The company will host a live video webcast at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results.
The webcast will be accessible through Okta's investor relations website at investor.okta.com, where a replay will also be available afterward. The press release containing the financial results will be posted on the investor relations website before the event begins.
Okta (NASDAQ:OKTA) has announced a multi-year partnership with the McLaren Formula 1 Team, beginning in the 2025 season. As an Official Partner, Okta will collaborate with McLaren Racing to enhance and secure digital access for over 500 million fans, partners, and employees worldwide.
The partnership aims to streamline McLaren Racing's digital infrastructure and boost security capabilities. Following initial deployment, Okta will support McLaren in improving their digital operations efficiency and security measures, enabling the team to maintain focus on their racing performance following their 2024 Formula 1 Constructors' Championship victory.
Okta (NASDAQ:OKTA) has been named a Leader in the 2024 Gartner Magic Quadrant for Access Management for the eighth consecutive year. The company was evaluated among 10 vendors on 15 criteria and recognized for its execution ability and vision completeness. Okta serves 19,450 customers with its Identity Platform, offering Workforce and Customer Identity and Access Management solutions.
At its 12th annual Oktane event, Okta unveiled new innovations including Auth for GenAI, Secure SaaS Service Accounts, Governance Analyzer, and Out-of-the-box Integrations for Identity Verification. The company was also recognized in the 2024 Gartner Peer Insights 'Voice of the Customer' report, being the only vendor named as a Customers' Choice for Access Management for six consecutive times.
Okta (NASDAQ: OKTA) reported strong Q3 FY2025 financial results with total revenue reaching $665 million, up 14% year-over-year. Subscription revenue grew 14% to $651 million. The company achieved significant profitability improvements, with non-GAAP operating income of $138 million (21% of revenue) and non-GAAP net income of $121 million.
Remaining performance obligations (RPO) increased 19% to $3.659 billion, while current RPO grew 13% to $2.062 billion. The company generated strong cash flows with operating cash flow of $159 million and free cash flow of $154 million. For Q4 FY2025, Okta expects revenue between $667-669 million and non-GAAP operating margin of 23%.
Okta has launched nominations for the 2025 Identity 25, an annual recognition program celebrating innovators in identity security, privacy, and innovation. The initiative acknowledges leaders across academia, public service, private enterprise, and nonprofit sectors who are advancing digital identity management and security solutions. Following last year's successful inaugural edition, nominations are now open globally until December 6, 2024, with winners to be announced in March 2025.
Okta (NASDAQ: OKTA) has announced it will release its third quarter fiscal year 2025 financial results on December 3, 2024, after U.S. market close. The company will host a live video webcast at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. The webcast will be accessible through the Okta investor relations website, where both the press release and a replay of the webcast will be available.
NetHope has announced the launch of the Partner Collective for the Global Humanitarian Information Sharing and Analysis Center (Global Humanitarian ISAC) at their 2024 Global Summit. The initiative brings together key organizations including Okta, Cisco, BeyondID, NGO-ISAC, SANS, and Slack to enhance cybersecurity for humanitarian and conservation nonprofits. These partners will provide funding, expertise, tools, and technology to support the center's mission.
NetHope and Okta have announced a strategic partnership to enhance cybersecurity across the nonprofit sector. The initiative is supported by a $2.5 million commitment from Okta for Good over five years. The partnership focuses on three key areas: supporting the Global Humanitarian ISAC and Dial-A-CISO Program, building nonprofit cyber leadership ecosystem, and accelerating digital transformation of nonprofits. According to NetHope's 2024 report, 65% of nonprofit members experienced security breaches in the past year, and over half lack confidence in their cybersecurity management. This collaboration aims to protect nonprofits serving billions of vulnerable people worldwide from rising cyber threats.
Okta has announced a new Customer Identity Cloud product called Auth for GenAI, designed to help developers and organizations secure identity in Generative AI applications. This product aims to address the rapid incorporation of GenAI into applications, with AI spending expected to increase from $20 billion in 2024 to over $200 billion by 2028.
Key features of Auth for GenAI include:
- User Authentication in popular GenAI frameworks
- Third-party API integration for agents to act on users' behalf
- Async Authentication for background AI agent actions
- Fine Grained Authorization for Retrieval Augmented Generation (RAG)
Okta also introduced the Developer Portal to help make APIs AI-ready, along with other innovations such as Universal Logout, Self-service SSO and SCIM, and Advanced Customization for Universal Login.
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