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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, a leading identity and access management company, has announced the three finalists for its inaugural Okta SaaS Startup Competition. The finalists - Block Party, RunReveal, and Validia - were selected for their innovative use of identity-enabled workflows. These early-stage startups will pitch their cutting-edge applications leveraging identity, privacy, and security live at Oktane24 in Las Vegas from October 15-17, 2024.
The competition offers finalists the chance to win prizes and gain access to a global network of identity management experts and venture capitalists. Attendees of Oktane24 will have the opportunity to witness the live pitches on October 15th and be part of the audience that decides the future of identity-driven startups. The event is positioned as a must-attend for those interested in identity security, application development, and startup innovation.
Okta (NASDAQ:OKTA) has announced significant enhancements to its Auth0 Free Plan and paid plans, aimed at providing developers with improved scalability, security, and customization options. The Auth0 Free Plan now includes:
- Increased capacity to 25,000 monthly active users
- Passwordless authentication
- Unlimited social & Okta connections
- Custom domain support
Paid plans now offer enterprise-grade identity security with multi-factor authentication (MFA), SCIM support, and enhanced log retention. These upgrades are designed to help developers combat increasingly sophisticated AI-powered bot attacks and meet the growing demand for rapid application deployment. The expanded features aim to strengthen authentication mechanisms, simplify customization of sign-up and login experiences, and provide a more secure and user-friendly identity management solution for businesses.
Okta, Inc. (Nasdaq: OKTA), the leading independent Identity partner, has announced its participation in two upcoming investor conferences. Brett Tighe, CFO, will present at the Citi 2024 Global TMT Conference on September 5, 2024, at 11:10 a.m. Pacific time. Todd McKinnon, CEO and Co-Founder, will present at the Goldman Sachs 2024 Communacopia & Technology Conference on September 10, 2024, at 3:45 p.m. Pacific time.
Both presentations will be webcast live on Okta's investor relations website, with replays available after the events. Okta, known as The World's Identity Company™, provides customer and workforce solutions for authentication, authorization, and more. The company uses its investor website and blogs to disclose material information and comply with Regulation FD.
Okta (NASDAQ: OKTA) reported strong financial results for Q2 FY2025, with total revenue increasing 16% year-over-year to $646 million. Subscription revenue grew 17% to $632 million. The company achieved record profitability, including GAAP profitability for the first time. Key highlights include:
- Current remaining performance obligations (cRPO) grew 13% to $1.995 billion
- Operating cash flow of $86 million and free cash flow of $78 million
- Non-GAAP operating income of $148 million, or 23% of total revenue
- Non-GAAP net income of $131 million, with diluted EPS of $0.72
Okta provided guidance for Q3 FY2025, projecting total revenue of $648-650 million and non-GAAP operating income of $118-120 million. For full-year FY2025, the company expects total revenue of $2.555-2.565 billion and non-GAAP operating income of $535-545 million.
Okta (NASDAQ: OKTA), the leading independent identity partner, has announced it will release its second quarter fiscal year 2025 financial results on August 28, 2024, after the U.S. market close. The company will host a live video webcast at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. Investors can access the webcast and replay from Okta's investor relations website at investor.okta.com. The press release will be available on the same website prior to the event.
Okta, known as the World's Identity Company, provides secure access, authentication, and automation solutions through its Workforce Identity and Customer Identity Clouds. The company offers customizable solutions and over 7,000 pre-built integrations, enabling businesses to focus on innovation and digital transformation.
HiHello, a digital brand and identity software platform, has appointed Shana Simmons and Eugenio Pace to its Board of Directors. Simmons, currently Chief Legal Officer at Zendesk, brings over 15 years of legal leadership experience, including roles at Everlaw and Google Cloud. Pace, co-founder and former CEO of Auth0 (acquired by Okta for $6.5 billion), contributes extensive expertise in identity and access management.
These appointments aim to provide strategic guidance as HiHello expands its enterprise-ready platform for modern digital business cards. CEO Manu Kumar expressed confidence in the value these industry leaders will bring to HiHello's growth trajectory and innovation efforts.
Okta, a leading identity and access management company, has announced its inaugural SaaS Startup Competition. The contest invites early-stage US-incorporated startups to showcase innovations in applications using identity, privacy, and security-enabled workflows. Three finalists will pitch at Oktane24 in Las Vegas, with the winner potentially receiving up to a $500,000 investment from Okta and access to a global network of experts.
The competition aims to leverage Okta's platform, which offers secure identity management, flexible authentication, and seamless integration capabilities. Startups will be evaluated on business potential, innovation, and utilization of identity-enabled workflows. The submission period ends August 31, 2024, with finalist selection around September 30 and the winner announced on October 16, 2024.
Okta (NASDAQ: OKTA) announces its sponsorship of Firstboard.io, a group dedicated to increasing the number of women in technology leadership roles. The initiative aims to enhance gender diversity on boards, addressing the slow rise of female representation, which currently stands at 31% on technology company boards in 2023. Despite initiatives, the percentage of new female directors has fallen to its lowest since 2018, at 38%. Okta's Chief Marketing Officer, Kerry Ok, emphasizes the importance of diversity for business success and a culture of belonging. Firstboard.io founder Rita Scroggin highlights the significance of connecting women leaders with expertise in cybersecurity, AI, and enterprise software to modern boards. This collaboration aims to prepare boards for technological disruptions and improve overall board effectiveness.
Okta has announced the appointment of Anthony Bates, Chairman and CEO of Genesys Cloud Services, to its board of directors, effective June 21, 2024. Bates brings extensive experience in technology and global market growth to Okta's leadership team. Okta’s CEO, Todd McKinnon, highlighted Bates' expertise as key to strengthening the company's market leadership. Bates will focus on enhancing Okta's global business strategy and addressing identity security, a important concern in today's digital-first world. This appointment aims to bolster Okta's position as a leader in identity security.
Okta has announced that its Chief Financial Officer, Brett Tighe, will present at the Nasdaq Investor Conference in London on June 11, 2024, at 09:30 a.m. GMT. The presentation will be webcast live on Okta's investor relations website, with a replay available afterward. Okta, a leading independent identity partner, provides secure access, authentication, and automation through its customizable Workforce Identity and Customer Identity Clouds. With over 7,000 pre-built integrations, Okta supports digital transformation for businesses and developers. For more information, visit okta.com or their investor relations page.
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