Okta, Inc. develops identity and access management software for workforces, customers, developers, AI agents, users, employees and partners. News about the company centers on the Okta Platform, Auth0 customer identity capabilities, authentication and authorization, AI-agent security frameworks, and customer deployments that consolidate identity management across digital properties.
Recurring updates also include quarterly and annual financial results, subscription revenue trends, remaining performance obligations, investor conference appearances, Regulation FD disclosure practices, Okta Ventures identity reports, and governance or leadership matters. The company’s announcements commonly frame identity as a security control layer for cloud, on-premises, human, machine and AI-related access.
Okta (NASDAQ: OKTA) reported strong financial results for Q2 FY2025, with total revenue increasing 16% year-over-year to $646 million. Subscription revenue grew 17% to $632 million. The company achieved record profitability, including GAAP profitability for the first time. Key highlights include:
- Current remaining performance obligations (cRPO) grew 13% to $1.995 billion
- Operating cash flow of $86 million and free cash flow of $78 million
- Non-GAAP operating income of $148 million, or 23% of total revenue
- Non-GAAP net income of $131 million, with diluted EPS of $0.72
Okta provided guidance for Q3 FY2025, projecting total revenue of $648-650 million and non-GAAP operating income of $118-120 million. For full-year FY2025, the company expects total revenue of $2.555-2.565 billion and non-GAAP operating income of $535-545 million.
Okta (NASDAQ: OKTA), the leading independent identity partner, has announced it will release its second quarter fiscal year 2025 financial results on August 28, 2024, after the U.S. market close. The company will host a live video webcast at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. Investors can access the webcast and replay from Okta's investor relations website at investor.okta.com. The press release will be available on the same website prior to the event.
Okta, known as the World's Identity Company, provides secure access, authentication, and automation solutions through its Workforce Identity and Customer Identity Clouds. The company offers customizable solutions and over 7,000 pre-built integrations, enabling businesses to focus on innovation and digital transformation.
HiHello, a digital brand and identity software platform, has appointed Shana Simmons and Eugenio Pace to its Board of Directors. Simmons, currently Chief Legal Officer at Zendesk, brings over 15 years of legal leadership experience, including roles at Everlaw and Google Cloud. Pace, co-founder and former CEO of Auth0 (acquired by Okta for $6.5 billion), contributes extensive expertise in identity and access management.
These appointments aim to provide strategic guidance as HiHello expands its enterprise-ready platform for modern digital business cards. CEO Manu Kumar expressed confidence in the value these industry leaders will bring to HiHello's growth trajectory and innovation efforts.
Okta, a leading identity and access management company, has announced its inaugural SaaS Startup Competition. The contest invites early-stage US-incorporated startups to showcase innovations in applications using identity, privacy, and security-enabled workflows. Three finalists will pitch at Oktane24 in Las Vegas, with the winner potentially receiving up to a $500,000 investment from Okta and access to a global network of experts.
The competition aims to leverage Okta's platform, which offers secure identity management, flexible authentication, and seamless integration capabilities. Startups will be evaluated on business potential, innovation, and utilization of identity-enabled workflows. The submission period ends August 31, 2024, with finalist selection around September 30 and the winner announced on October 16, 2024.
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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