Identity management software provider Okta (OKTA.US) announced that its revenue for the first fiscal quarter increased by 12% year-on-year to USD 688 million, in line with market expectations; adjusted earnings per share were USD 0.86, higher than the expected USD 0.77. However, the company is cautious about its outlook, and the stock price fell 11% in after-hours trading.
The company stated that due to increased economic uncertainty, it is maintaining its performance expectations for the fiscal year, including an anticipated revenue range of USD 2.85 billion to USD 2.86 billion

OKTA

Identity management software provider Okta announced that its revenue for the first fiscal quarter increased by 12% year-on-year to USD 688 million, in line with market expectations; adjusted earnings per share were USD 0.86, higher than the expected USD 0.77. However, the company is cautious about its outlook, and the stock price fell 11% in after-hours trading. The company stated that due to increased economic uncertainty, it maintains its performance expectations for the fiscal year, including projected revenue between USD 2.85 billion and USD 2.86 billion

"Performance" Okta's first fiscal quarter earnings beat expectations, but is cautious about the outlook