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 reported strong financial results for Q4 and fiscal year 2023, with total revenue of $510 million, up 33% year-over-year, and subscription revenue rising 34% to $495 million. The company’s current remaining performance obligations (cRPO) grew 25% to $1.68 billion. Operating cash flow reached a record $76 million, with free cash flow of $72 million. For fiscal 2023, total revenue was $1.86 billion, a 43% increase. Despite significant GAAP net losses, non-GAAP metrics showed improvement. Looking ahead, Okta expects Q1 2024 revenue between $509 million and $511 million, indicating 23% growth.
Okta, Inc. (NASDAQ: OKTA) will announce its financial results for the fourth quarter and fiscal year 2023, ending January 31, 2023, after market close on March 1, 2023. The company will host a live video webcast at 2:00 PM PT (5:00 PM ET) to discuss these results. Investors can access the webcast and subsequent replay through the Okta investor relations website. As a leading independent identity provider, Okta focuses on enabling secure access and authentication, allowing businesses to innovate and transform digitally with customizable solutions and over 7,000 integrations.
Okta, Inc. (NASDAQ: OKTA) announced that its Chief Financial Officer, Brett Tighe, will participate in the 25th Annual Needham Growth Conference on January 12, 2023, at 12:45 p.m. EST. The presentation will be available via live webcast on the investor relations section of Okta’s website, with a replay accessible afterward.
Okta offers leading identity solutions, allowing secure access across various devices and applications. The company emphasizes innovation and digital transformation through customizable solutions and extensive integrations.
Okta reported a strong Q3 for fiscal 2023, with total revenue reaching $481 million, marking a 37% increase year-over-year. Subscription revenue also saw a substantial rise of 38%, totaling $466 million. Remaining performance obligations (RPO) grew by 21% to $2.85 billion, while current RPO (cRPO) surged 34% to $1.58 billion. However, the company experienced a GAAP operating loss of $207 million, improving from $221 million the previous year. For Q4, Okta projects a revenue of $488 million to $490 million.
Okta, Inc. (NASDAQ: OKTA) has launched Okta for US Military, a new IL4 identity environment specifically designed for the Department of Defense (DoD) and mission partners. The solution, hosted on the .mil domain, aims to secure the identities of almost 3 million DoD personnel. It supports DoD's modernization and Zero Trust security capabilities by managing Controlled Unclassified Information (CUI). Built on Amazon Web Services (AWS) GovCloud, this platform enables secure access to mission-critical resources.
Okta, the leading independent identity provider, has unveiled new innovations for its Workforce Identity Cloud at Oktane22. The updates include advanced governance and access capabilities, enhanced anti-phishing tools, and a unified platform for managing identities across diverse environments. With over 60% of breaches linked to credential abuse, Okta's new features aim to bolster security for employees, contractors, and partners. The company emphasizes a cohesive identity approach that streamlines user experience while enhancing security for enterprises.
Okta, Inc. (NASDAQ: OKTA) announced the launch of the Okta Customer Identity Cloud at Oktane22, enhancing customer experiences and security for modern application developers. This solution addresses user experience, security, and privacy challenges faced by organizations. Key innovations include support for passkeys, an advanced security Security Center, and tools for managing identities in SaaS Apps. These features aim to improve user acquisition, retention, and overall revenue generation, solidifying Okta's market position.
Okta, a leading independent identity provider, has been recognized as a Leader for the sixth consecutive year in the 2022 Gartner Magic Quadrant for Access Management. It achieved the highest marks for Ability to Execute among all vendors for the second year running. The report assessed nine vendors on 15 criteria, confirming Okta's status in the Leaders Quadrant. This recognition reflects Okta's commitment to customer success and innovation, positioning it as a key enabler for businesses aiming for growth in a digital landscape.
Okta, Inc. has announced it will host the Opening Keynote of Oktane22 and its Investor Day on November 9, 2022. The company's financial results for the third quarter of fiscal year 2023, ending October 31, 2022, will be released on November 30, 2022, after market close. The webcast events will be accessible on the Okta investor relations website. Keynote starts at 9:00 a.m. PT, followed by Investor Day at 12:00 p.m. PT, with financial results at 2:00 p.m. PT.
On September 15, 2022, Recorded Future announced an integration with Okta, enhancing its Intelligence Cloud capabilities. This integration emphasizes automated detection and remediation of identity compromises before they can be exploited. Key features include improved incident response times, resource optimization, and adherence to NIST password practices. This partnership aims to bolster security measures for enterprises adopting an identity-first approach, addressing the growing need for advanced threat intelligence solutions.
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