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) announces its sponsorship of Firstboard.io, a group dedicated to increasing the number of women in technology leadership roles. The initiative aims to enhance gender diversity on boards, addressing the slow rise of female representation, which currently stands at 31% on technology company boards in 2023. Despite initiatives, the percentage of new female directors has fallen to its lowest since 2018, at 38%. Okta's Chief Marketing Officer, Kerry Ok, emphasizes the importance of diversity for business success and a culture of belonging. Firstboard.io founder Rita Scroggin highlights the significance of connecting women leaders with expertise in cybersecurity, AI, and enterprise software to modern boards. This collaboration aims to prepare boards for technological disruptions and improve overall board effectiveness.
Okta has announced the appointment of Anthony Bates, Chairman and CEO of Genesys Cloud Services, to its board of directors, effective June 21, 2024. Bates brings extensive experience in technology and global market growth to Okta's leadership team. Okta’s CEO, Todd McKinnon, highlighted Bates' expertise as key to strengthening the company's market leadership. Bates will focus on enhancing Okta's global business strategy and addressing identity security, a important concern in today's digital-first world. This appointment aims to bolster Okta's position as a leader in identity security.
Okta has announced that its Chief Financial Officer, Brett Tighe, will present at the Nasdaq Investor Conference in London on June 11, 2024, at 09:30 a.m. GMT. The presentation will be webcast live on Okta's investor relations website, with a replay available afterward. Okta, a leading independent identity partner, provides secure access, authentication, and automation through its customizable Workforce Identity and Customer Identity Clouds. With over 7,000 pre-built integrations, Okta supports digital transformation for businesses and developers. For more information, visit okta.com or their investor relations page.
Okta announced its Q1 FY 2025 financial results, highlighting a 19% year-over-year revenue growth to $617 million, with subscription revenue increasing by 20% to $603 million. The current remaining performance obligations (cRPO) grew 15% to $1.949 billion. The company reported record operating cash flow of $219 million and free cash flow of $214 million.
For Q1 FY 2025, GAAP operating loss was $47 million compared to $160 million in Q1 FY 2024, while non-GAAP operating income was $133 million, up from $37 million. GAAP net loss was $40 million, significantly reduced from $119 million. Non-GAAP net income was $117 million, up from $38 million.
Okta projects Q2 FY 2025 revenue between $631 million to $633 million, with full-year FY 2025 revenue expected between $2.530 billion to $2.540 billion. Non-GAAP operating income for FY 2025 is projected between $490 million to $500 million, with non-GAAP diluted net income per share at $2.35 to $2.40.
Okta, Inc. (NASDAQ: OKTA) will announce its first quarter fiscal year 2025 financial results on May 29, 2024. The company will host a live webcast to discuss the results. Okta is a leading independent identity partner trusted by many brands for secure access, authentication, and automation. They offer customizable solutions with over 7,000 integrations, focusing on innovation and digital transformation.
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