TechCNBC1h ago
Okta reports Q2 revenue up 11% YoY
Okta reports Q2 revenue up 11% YoY to $805M, vs. $795M est., net income up 73% YoY to $116M, and raises its full-year guidance; OKTA surges 20% after hours
TL;DROkta beat earnings estimates and raised guidance, sending stock up 20% after hours.
Why it matters: Strong security software demand signals enterprise spending remains resilient despite economic uncertainty.
Okta shares surged 20% in extended trading after the identity software provider surpassed Wall Street's fiscal second-quarter estimates.
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