Okta, Inc. (OKTA) saw positive movement today, with a current price of $76.55, marking a 0.532% increase from the previous close. Trading volume stands at $790,277, 20.69% above the average.
In the latest earnings report on Tuesday, March 3rd, OKTA reported earnings per share of 36 cents, surpassing the consensus estimate of 35 cents. The company generated $761 million in total revenue, beating the expected $752.53 million.
With an operating cash flow of $288 million, OKTA demonstrated strong financial health. Notable figures include free cash flow of $286 million and a net cash increase of $213 million.
OKTA's gross profit reached $593 million, with an operating income of $50 million. Net income stood at $63 million, resulting in earnings per share of 36 cents.
Key ratios showcase OKTA's performance, including a net profit margin of 8.28%, return on equity at 0.9, and a price-to-earnings ratio of 59.44.
Reflecting a solid financial position, OKTA holds $858 million in cash and cash equivalents, total assets of $9.71 billion, and total liabilities of $2.71 billion.
As the market close nears, OKTA continues to exhibit stable growth, backed by strong financial metrics and positive earnings performance.
Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity Cloud, a platform that offers a suite of products and services, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications, and data; Lifecycle Management that enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications; and Advanced Server Access to secure cloud infrastructure. It also provides Auth0 products, including Universal Login that allows customers to provide login experience across different applications and devices; Attack Protection, a suite of security capabilities that protect from malicious traffics; Adaptive Multi-Factor Authentication that minimizes friction to end users; Passwordless authentication enables users to login without a password and supports in various login methods; Machine to Machine provides standards-based authentication and authorization; private Cloud that allows customers to run a dedicated cloud instance of Auth0; and Organizations that enables customers to independent configurations, login experiences, and security options. It offers customer support, training, and professional services. It sells its products directly to customers through sales force and channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.