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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
The 9th annual CISO Forum, hosted by SecurityWeek, will take place virtually on September 13-14, 2022. This event focuses on cybersecurity leadership and risk management, featuring keynote speaker Adam Ely, CISO of Fidelity Investments. Attendees will engage in panel discussions and sessions led by industry experts, including representatives from Palo Alto Networks (PANW) and Okta (OKTA). Registration is complimentary, promoting broad participation among cybersecurity professionals to discuss modern security challenges and solutions.
Okta, Inc. (NASDAQ: OKTA) has appointed Emilie Choi, President and COO of Coinbase, to its board of directors effective August 19, 2022. Choi's extensive experience in technology and entrepreneurship is expected to enhance Okta's strategic direction as it focuses on digital identity solutions. CEO Todd McKinnon expressed excitement about Choi’s addition, highlighting her potential contributions to the company's mission. Choi has a robust background, having held leadership positions at LinkedIn and other prominent firms, making her a valuable asset for Okta.
Okta, Inc. (NASDAQ: OKTA) will release its second quarter fiscal year 2023 financial results on August 31, 2022, after market close. A live video webcast will take place at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results. The Okta Identity Cloud provides secure access for over 15,800 organizations, including well-known brands such as JetBlue and Nordstrom. Investors can access the press release and webcast via the Okta investor relations website.
Okta, Inc. (Nasdaq: OKTA) has appointed Shibu Ninan as Chief Accounting Officer, effective August 15, 2022. Ninan brings over 25 years of experience in global finance, previously serving at Veritas Technologies and Saba Software, and has a background with firms like KPMG and Deloitte. He holds a bachelor's from Bangalore University and is a Chartered Accountant and Certified Public Accountant. Brett Tighe, CFO of Okta, expressed confidence in Ninan's ability to enhance the leadership team as the company continues to establish itself as a leading independent identity provider.
Okta has launched a new Nonprofit Cybersecurity Portfolio, committing
SecurityWeek will host the 2022 Cloud Security Summit virtually on June 15, 2022, focusing on securing cloud environments. Sponsored by Palo Alto Networks (PANW) and Okta (OKTA), the summit aims to equip organizations with the necessary tools and strategies to enhance cloud security. Attendees can engage with industry leaders, including Aanchal Gupta from Microsoft, who will share insights on security best practices. The event will cover topics like identity security and cloud-native security.
Okta, Inc. (Nasdaq: OKTA) reported Q1 fiscal 2023 results, showcasing a 65% year-over-year revenue growth to $415 million. Subscription revenue surged 66% to $398 million, with Remaining Performance Obligations (RPO) increasing 43% to $2.71 billion.
Despite this growth, the GAAP net loss widened to $243 million from $109 million year-over-year, with a GAAP net loss per share of $1.56.
The company expects Q2 revenue between $428 million and $430 million, and total fiscal 2023 revenue of $1.805 billion to $1.815 billion.
Okta has been named a Customers’ Choice for Access Management for the fourth consecutive time in Gartner's Peer Insights report, highlighting the company's strong customer feedback. With a 92% willingness to recommend and over 268 reviews, Okta leads the Access Management market, excelling in large and midsize enterprises and North America. This recognition reflects Okta's commitment to providing secure digital experiences. Notably, Okta and Auth0 were also recognized as Leaders in the Magic Quadrant for Access Management, reinforcing their market position.
Okta, Inc. (NASDAQ: OKTA) will announce its financial results for the first quarter of fiscal year 2023, ending April 30, 2022, after U.S. market close on June 2, 2022. A live video webcast will follow at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss these results. Okta is recognized as a leading identity provider with an extensive integration of over 7,000 applications, offering secure access to over 15,000 organizations, including notable names like JetBlue and Nordstrom.
Ingram Micro has expanded its partnership with Okta to enhance go-to-market strategies in the Americas and plans to extend this relationship worldwide. The collaboration aims to introduce channel partners to opportunities in customer identity and access management (CIAM), tapping into a market estimated at
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