Okta, Inc. - OKTA STOCK NEWS

Okta, Inc. (Nasdaq: OKTA) is hosting its virtual Investor Day today alongside Oktane21. CEO Todd McKinnon and the leadership team will present on core markets, new products, and the company’s financial outlook. For Q1 fiscal 2022, Okta anticipates total revenue between $237 million and $239 million, marking a year-over-year growth of 30-31%. The company also projects a full-year revenue of $1.08 to $1.09 billion, with a growth rate of 29-30% year-over-year. Non-GAAP operating losses are expected at $28 million to $27 million for Q1 and $61 million to $55 million for the full year.

Okta, Inc. (NASDAQ:OKTA) has launched the Okta Starter Developer Edition at no cost for up to 15,000 monthly active users. This edition offers developers tools for embedding Okta's authentication, authorization, and user management capabilities into applications at scale. It includes access to key Customer Identity products like Adaptive Multi-factor Authentication. The revamped experience features enhanced documentation, sample applications, and integrations with DevOps tools, enabling faster development and deployment across various environments.

Okta, Inc. (NASDAQ:OKTA) has appointed Kendall Collins as the new Chief Marketing Officer, succeeding Ryan Carlson. Collins, a veteran in cloud and enterprise technology, will oversee global brand marketing and demand generation.

His extensive experience includes roles at Accel, WeWork, and AppDynamics. Collins is poised to enhance Okta's market presence, emphasizing the importance of identity in digital transformation. Okta serves over 10,000 organizations with its Identity Cloud, ensuring secure access to applications and infrastructures.

mParticle, the leading independent Customer Data Platform, has announced Eric Kelleher, Chief Customer Officer of Okta (NASDAQ: OKTA), will join its board of directors. Kelleher brings 18 years of experience in scaling growth for SaaS companies. Notably, he helped increase Okta's ARR from under $200 million to over $900 million. He previously played a crucial role at Salesforce, contributing to their ARR growth from $50 million to $4 billion. Kelleher aims to leverage his expertise to help mParticle expand its market presence and customer data management capabilities.

Okta, the leading independent identity provider, appointed Steve Rowland as Chief Revenue Officer, effective March 15, 2021. Rowland brings over 20 years of experience, previously serving at Splunk and DataStax. His role aims to enhance operational rigor and drive predictable revenue amidst evolving customer needs, including cloud migration and Zero Trust security. Rowland expressed confidence in Okta's potential to become the internet’s identity standard, emphasizing the importance of customer experiences and innovation in the company's growth strategy.

Okta, a top independent identity provider, has announced its participation in key investor conferences. Frederic Kerrest, Executive Vice Chairman and COO, will present at the Truist Securities Technology, Internet & Services Conference on March 9, 2021. Ryan Carlson, Chief Marketing Officer, is set to present at the Berenberg Cyber Security & DevOps Conference on March 12, 2021. These presentations will be available via live webcast on Okta's investor relations website, with replays accessible afterward. Okta's Identity Cloud supports over 10,000 organizations, ensuring secure technology access.

Okta, Inc. (NASDAQ:OKTA) announced expanded partnerships with Crate and Barrel and NTT DATA, enhancing their identity management solutions. The company reported reaching 10,000 customers by the end of Q4 FY2021, showcasing robust growth. Crate and Barrel aims to improve customer experience through Okta's Identity Cloud, while NTT DATA focuses on unifying identity solutions for its global operations. Both partnerships underline the increasing significance of secure identity strategies in modern business.

Okta (NASDAQ:OKTA) has announced its acquisition of Auth0, a leader in identity solutions, for approximately $6.5 billion in stock. This move aims to enhance Okta's position in the $55 billion identity market by combining their platforms, providing greater choice and capabilities for organizations. Auth0 will operate independently but benefit from integration with Okta's offerings. The deal, approved by both companies' boards, is expected to close in the second quarter of fiscal year 2022, pending regulatory approvals.

Okta, Inc. (Nasdaq: OKTA) reported strong financial results for the fourth quarter and fiscal year ended January 31, 2021. Fourth quarter revenue reached $234.7 million, a 40% year-over-year increase, with subscription revenue of $225.4 million, up 42%. Remaining Performance Obligations (RPO) grew by 49% to $1.80 billion. Despite a GAAP net loss of $75.8 million, Okta achieved a non-GAAP net income of $8.0 million. The company forecasts Q1 fiscal 2022 revenue between $237 million to $239 million and full-year revenue of $1.08 billion to $1.09 billion, reflecting strong growth prospects.