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 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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