Welcome to our dedicated page for Okta news (Ticker: OKTA), a resource for investors and traders seeking the latest updates and insights on Okta stock.
Okta, Inc. (NASDAQ: OKTA) is a San Francisco-based cloud-native security company focused on identity and access management. The company describes itself as The World’s Identity Company and a leading independent identity partner, emphasizing customer and workforce solutions that secure authentication, authorization, and access to applications and resources.
This news page aggregates Okta-related coverage such as quarterly financial results, capital allocation decisions, product and platform announcements, governance updates, and industry recognition. Recent press releases have included detailed financial results with GAAP and non-GAAP metrics, explanations of remaining performance obligations and free cash flow, and commentary on demand for Okta’s unified identity platform.
Investors and observers can follow updates on Okta’s identity security fabric vision, including Okta for AI Agents, Identity Threat Protection with Okta AI, and open standards like Cross App Access (XAA) that the company says secure agent-driven and app-to-app interactions. News items also highlight initiatives such as the Okta Startup Challenge, the annual Oktane event, and investor-focused webcasts and summits.
Corporate developments, including board changes, share repurchase authorizations, and stockholder meeting outcomes, are also reflected in Okta’s news flow. For anyone tracking OKTA stock, this page provides a centralized view of the company’s official announcements and business updates related to identity security, AI-focused capabilities, and financial performance.
Okta, the leading independent identity provider, has unveiled new innovations for its Workforce Identity Cloud at Oktane22. The updates include advanced governance and access capabilities, enhanced anti-phishing tools, and a unified platform for managing identities across diverse environments. With over 60% of breaches linked to credential abuse, Okta's new features aim to bolster security for employees, contractors, and partners. The company emphasizes a cohesive identity approach that streamlines user experience while enhancing security for enterprises.
Okta, Inc. (NASDAQ: OKTA) announced the launch of the Okta Customer Identity Cloud at Oktane22, enhancing customer experiences and security for modern application developers. This solution addresses user experience, security, and privacy challenges faced by organizations. Key innovations include support for passkeys, an advanced security Security Center, and tools for managing identities in SaaS Apps. These features aim to improve user acquisition, retention, and overall revenue generation, solidifying Okta's market position.
Okta, a leading independent identity provider, has been recognized as a Leader for the sixth consecutive year in the 2022 Gartner Magic Quadrant for Access Management. It achieved the highest marks for Ability to Execute among all vendors for the second year running. The report assessed nine vendors on 15 criteria, confirming Okta's status in the Leaders Quadrant. This recognition reflects Okta's commitment to customer success and innovation, positioning it as a key enabler for businesses aiming for growth in a digital landscape.
Okta, Inc. has announced it will host the Opening Keynote of Oktane22 and its Investor Day on November 9, 2022. The company's financial results for the third quarter of fiscal year 2023, ending October 31, 2022, will be released on November 30, 2022, after market close. The webcast events will be accessible on the Okta investor relations website. Keynote starts at 9:00 a.m. PT, followed by Investor Day at 12:00 p.m. PT, with financial results at 2:00 p.m. PT.
On September 15, 2022, Recorded Future announced an integration with Okta, enhancing its Intelligence Cloud capabilities. This integration emphasizes automated detection and remediation of identity compromises before they can be exploited. Key features include improved incident response times, resource optimization, and adherence to NIST password practices. This partnership aims to bolster security measures for enterprises adopting an identity-first approach, addressing the growing need for advanced threat intelligence solutions.
Okta has entered a memorandum of understanding with NetHope and USAID to establish the Global Humanitarian Information Sharing and Analysis Center (ISAC). This initiative aims to bolster cybersecurity for humanitarian organizations amid increasing cyber threats, particularly since the COVID-19 pandemic. The ISAC will enhance collaboration between technology firms and nonprofits, focusing on training, risk identification, and resource sharing. The partnership is supported by the CyberPeace Institute, emphasizing the critical need for improved cyber resilience in humanitarian efforts.
Okta, Inc. (NASDAQ: OKTA), a leading independent identity provider, announces participation in upcoming investor conferences. CFO Brett Tighe will present at Citi's 2022 Global Technology Conference on September 8, 2022, while CEO Todd McKinnon will present at the Goldman Sachs Communacopia + Technology Conference on September 12, 2022. Attendees can access live webcasts of the presentations on Okta's investor relations website, with replays available afterward. Over 16,400 organizations trust Okta for secure identity management.
Okta reported strong Q2 results for fiscal 2023, with total revenue of $452 million, a 43% year-over-year increase. Subscription revenue reached $435 million, growing 44% year-over-year. Remaining performance obligations (RPO) grew by 25% to $2.79 billion, and current RPO (cRPO) increased 36% to $1.50 billion. Despite a GAAP operating loss of $208 million, the loss margin improved significantly from 83% to 46%. The company anticipates Q3 revenue between $463 million and $465 million, reflecting a 32% to 33% growth rate.
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.
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