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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.
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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.
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.