Okta, Inc. (OKTA) Tops Q2 EPS by 9c; Guides Higher

Okta, Inc. (NASDAQ: OKTA) reported Q2 EPS of $0.07, $0.09 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $200.4 million versus the consensus estimate of $186.29 million.

“The three mega-trends that have been driving our business for the past several years - the adoption of cloud and hybrid IT, digital transformation, and zero trust security - are all being accelerated globally by the current environment,” said Todd McKinnon, Chief Executive Officer and co-founder of Okta. “These trends are reflected in our strong second quarter results and reflect the work that Okta is doing to help organizations around the world accelerate their adoption and deployment of cloud applications, and remote access, and re-imagine their digital customer experiences. As part of this process, organizations are re-evaluating their roadmap to modernize their identity systems and Okta’s platform is the linchpin of the new cloud technology stack. We believe that the world will not return to the pre-COVID work environment and Okta is committed to helping our customers on their journeys.”

GUIDANCE:

Okta, Inc. sees Q3 2021 EPS of ($0.02)-($0.01), versus the consensus of ($0.06). Okta, Inc. sees Q3 2021 revenue of $202-203 million, versus the consensus of $195.7 million.

Okta, Inc. sees FY2021 EPS of ($0.03)-($0.01), versus the consensus of ($0.20). Okta, Inc. sees FY2021 revenue of $800-803 million, versus the consensus of $777.6 million.

For earnings history and earnings-related data on Okta, Inc. (OKTA) click here.

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• RBC initiates GE HealthCare as it sees AI-led innovation cycle driving growth
• Cerebras Q1 EPS miss sends shares down 9% after-hours