The major indexes fell Wednesday even with Nvidia on the cusp of a new milestone. Salesforce plunged late on weak sales and guidance.
Identity management software maker Okta (OKTA) reported results ahead of analysts' expectations in Q1 CY2024, with revenue up 19.1% year on year to $617 million. Guidance for next quarter's revenue was also optimistic at $632 million at the midpoint, 2.5% above analysts' estimates. It made a non-GAAP profit of $0.65 per share, improving from its profit of $0.22 per share in the same quarter last year.
SAN FRANCISCO, May 29, 2024--Okta, Inc. (Nasdaq: OKTA), the leading independent identity partner, today announced financial results for its first quarter ended April 30, 2024.