Okta Inc Stock Price, News & Analysis

Okta, a leading identity solutions provider, has achieved FedRAMP High Authorization, enabling U.S. federal agencies to modernize their security measures. This solution meets over 420 baseline security controls, ensuring compliance for handling sensitive data. The FedRAMP Authorization Act facilitates greater adoption of Okta's services among federal agencies, enhancing security and user experience. With more than 200 authorizations in the FedRAMP Marketplace, Okta continues to expand its presence in the federal sector, building solutions tailored for the U.S. military and other governmental bodies to ensure robust identity management.

Okta, Inc. (NASDAQ: OKTA), a leading independent identity provider, announced participation in upcoming investor conferences. CEO Todd McKinnon will present at the Morgan Stanley Technology, Media & Telecom Conference on March 7, 2023, at 8:30 a.m. PT. CFO Brett Tighe is scheduled for the KeyBanc 2023 Emerging Tech Summit on March 8, 2023, at 9:30 a.m. PT. Both events will be webcast live on the investor relations section of Okta's website, with replays accessible post-event. Okta focuses on secure access and identity management with over 7,000 integrations, helping businesses innovate and accelerate digital transformation.

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.