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Okta, Inc. (Symbol: OKTA) is the leading independent provider of identity solutions for enterprises. Headquartered in San Francisco, Okta operates globally, ensuring the security and efficiency of digital interactions for many of the world's largest companies. The core of Okta's business lies in its Okta Identity Cloud, which connects and protects employees, partners, suppliers, and customers. With deep integrations to over 5,000 applications, the Okta Identity Cloud enables secure and seamless access from any device.
Okta serves thousands of customers, including notable names like Experian, 20th Century Fox, LinkedIn, Flex, News Corp, Dish Networks, and Adobe. These clients trust Okta to enhance productivity, boost revenue, and maintain robust security measures. The company's solutions cater to two key stakeholder groups: workforces and customers. For workforces, Okta provides secure access to both cloud-based and on-premises resources, ensuring that employees can work efficiently and safely. For customers, Okta ensures secure access to their clients' applications, fostering trust and reliability.
Okta has consistently achieved significant milestones since going public in 2017. The firm's financial condition remains strong, backed by strategic partnerships and continuous innovation in identity and access management. Recent projects focus on expanding the capabilities of the Okta Identity Cloud, enhancing user experience, and incorporating the latest security advancements.
Committed to helping organizations fulfill their missions faster, Okta’s technology is designed to be intuitive and secure. The company’s cloud-native approach positions it as a forward-thinking leader in the cybersecurity space, adapting rapidly to the evolving digital landscape.
Stay updated with the latest developments and news about Okta, Inc. by following the most recent updates:
- Article on Okta's recent security advancements
- Interview with Okta's CEO on future directions
- Partnership announcement with a major tech firm
- Quarterly financial performance report
- Case study on Okta's impact on a leading enterprise
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.
Okta, Inc. (NASDAQ: OKTA) has announced it will release its financial results for Q4 and fiscal year 2021, ending January 31, 2021, after U.S. market close on March 3, 2021. A video webcast is scheduled for the same day at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. The Okta Identity Cloud continues to enable over 9,400 organizations to securely connect their workforces with more than 6,500 pre-built integrations, showcasing its strong market position.
Okta, Inc. (NASDAQ: OKTA) announced participation in several upcoming investor conferences. Key events include:
- UBS Global TMT Virtual Conference: Frederic Kerrest, COO, presenting on December 9, 2020.
- Goldman Sachs Technology and Internet Conference: Todd McKinnon, CEO, presenting on January 12, 2021.
- 23rd Annual Needham Virtual Growth Conference: Bill Losch, CFO, presenting on January 14, 2021.
Live webcasts will be available on Okta's investor relations website, with replays following the events.
Okta, a leader in identity management, announced at AWS re:Invent 2020 that its Okta Identity Cloud is now available in the AWS Marketplace. This allows global customers to purchase identity products seamlessly while integrating with AWS services like AWS Control Tower. The partnership aims to streamline cloud migration for enterprises, enhancing security and management of sensitive data. Okta's robust network of integrations supports organizations amidst a growing need for secure identity solutions in a remote work environment.
Okta, Inc. (NASDAQ:OKTA) reports robust developments in the financial services sector, expanding partnerships with notable clients such as Canadian Western Bank and First National of Nebraska. The company announced its third fiscal quarter performance, growing its customer base to 9,400 organizations. Key achievements include the deployment of Okta’s identity solutions across various financial institutions, improving security and user experience. CEO Todd McKinnon emphasizes the importance of trust and seamless digital experiences in financial services as companies undergo digital transformation.
Okta, Inc. (NASDAQ: OKTA) reported robust financial results for Q3 FY2021, ending October 31, 2020. Total revenue reached $217.4 million, marking a 42% year-over-year growth. Subscription revenue stood at $206.7 million, up 43%. Remaining Performance Obligations (RPO) increased to $1.58 billion, with current RPO at $753.2 million, rising 46% year-over-year. Despite a GAAP net loss of $72.8 million, Okta's non-GAAP net income was $5.7 million. The company raised its fiscal year outlook, forecasting revenue of $822 million to $823 million for 2021.
Okta, Inc. (NASDAQ:OKTA) has been recognized as a Leader in the Gartner Magic Quadrant for Access Management for the fourth consecutive year. Gartner notes Okta as a top provider with advanced tools for identity and access management. The company is the only vendor to achieve a Leader position in all seven IDaaS and Access Management Magic Quadrants. Okta emphasizes its commitment to customers and innovation in identity management, highlighted by recent product launches and virtual events, including Oktane20, drawing tens of thousands of attendees.
Okta, Inc. (NASDAQ: OKTA) will announce its financial results for the third quarter of fiscal 2021, ending October 31, 2020, after U.S. market close on December 2, 2020. A video webcast discussing these results will occur at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) on the same day. The Okta Identity Cloud supports over 8,950 organizations to securely connect users to technologies, with more than 6,500 pre-built integrations available. Interested parties can access the webcast and press release via the investor relations website.
Okta, Inc. (NASDAQ:OKTA) announces new Customer Identity and Okta Access Gateway Specializations during the Okta Showcase. This move is part of a broader initiative to leverage the substantial growth in its global channel partner ecosystem, which has expanded by over 400% in the past two years. The new offerings aim to assist partners in addressing hybrid IT challenges and enhancing customer digital experiences, crucial in the wake of the COVID-19 pandemic. Okta emphasizes its commitment to empowering partners with training and resources to provide comprehensive identity solutions.
Okta, Inc. (NASDAQ: OKTA) has announced a webcast for its Showcase 2020 Keynote and Investor/Analyst Q&A sessions scheduled for October 7, 2020. The Keynote will begin at 9:00 a.m. PT, followed by the Q&A at 1:30 p.m. PT. Both sessions can be accessed through the investor relations section of Okta's website, where replays will also be available. Okta is a leading independent identity provider, serving over 8,950 organizations, including well-known companies like Engie and T-Mobile.
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