Benzinga - Shares of cloud-native security firm Okta Inc (NASDAQ: OKTA) are rising in extended trading Wednesday after the company turned in fourth-quarter earnings results that easily exceeded analyst expectations and issued strong earnings guidance.
- Q4 Revenue: $510 million beat estimates of $489.36 million
- Q4 EPS: 30 cents beat estimates of 9 cents
"Despite an evolving macroeconomic environment, we're more excited than ever to advance our leadership position in a massive market as Okta delivers on non-GAAP profitable growth."
Outlook: Okta expects first-quarter revenue to be between $509 million and $511 million versus estimates of $497.94 million. The company sees first-quarter adjusted earnings between 11 cents and 12 cents per share versus estimates for a breakeven bottom line.
Okta sees full fiscal-year 2024 revenue between $2.155 billion and $2.17 billion versus estimates of $2.16 billion. The company expects full-year adjusted earnings to be in a range of 74 cents to 79 cents per share versus estimates of 32 cents per share.
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OKTA Price Action: Okta shares are up 10.6% after hours at $79 at the time of publication, according to Benzinga Pro.
Photo: courtesy of Okta.
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