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. (NASDAQ: OKTA) is a San Francisco-based cloud-native security company focused on identity and access management. The company describes itself as The World’s Identity Company and a leading independent identity partner, emphasizing customer and workforce solutions that secure authentication, authorization, and access to applications and resources.
This news page aggregates Okta-related coverage such as quarterly financial results, capital allocation decisions, product and platform announcements, governance updates, and industry recognition. Recent press releases have included detailed financial results with GAAP and non-GAAP metrics, explanations of remaining performance obligations and free cash flow, and commentary on demand for Okta’s unified identity platform.
Investors and observers can follow updates on Okta’s identity security fabric vision, including Okta for AI Agents, Identity Threat Protection with Okta AI, and open standards like Cross App Access (XAA) that the company says secure agent-driven and app-to-app interactions. News items also highlight initiatives such as the Okta Startup Challenge, the annual Oktane event, and investor-focused webcasts and summits.
Corporate developments, including board changes, share repurchase authorizations, and stockholder meeting outcomes, are also reflected in Okta’s news flow. For anyone tracking OKTA stock, this page provides a centralized view of the company’s official announcements and business updates related to identity security, AI-focused capabilities, and financial performance.
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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.