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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 announced its Q1 FY 2025 financial results, highlighting a 19% year-over-year revenue growth to $617 million, with subscription revenue increasing by 20% to $603 million. The current remaining performance obligations (cRPO) grew 15% to $1.949 billion. The company reported record operating cash flow of $219 million and free cash flow of $214 million.
For Q1 FY 2025, GAAP operating loss was $47 million compared to $160 million in Q1 FY 2024, while non-GAAP operating income was $133 million, up from $37 million. GAAP net loss was $40 million, significantly reduced from $119 million. Non-GAAP net income was $117 million, up from $38 million.
Okta projects Q2 FY 2025 revenue between $631 million to $633 million, with full-year FY 2025 revenue expected between $2.530 billion to $2.540 billion. Non-GAAP operating income for FY 2025 is projected between $490 million to $500 million, with non-GAAP diluted net income per share at $2.35 to $2.40.
Okta, Inc. (NASDAQ: OKTA) will announce its first quarter fiscal year 2025 financial results on May 29, 2024. The company will host a live webcast to discuss the results. Okta is a leading independent identity partner trusted by many brands for secure access, authentication, and automation. They offer customizable solutions with over 7,000 integrations, focusing on innovation and digital transformation.
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