Okta Inc. reported its second-quarter earnings, revealing a revenue of $646 million, surpassing analysts' expectations of $633 million. The company also posted earnings per share (EPS) of $0.72, exceeding the forecast of $0.61. For the third quarter, Okta guided revenue at $649 million, slightly above the estimated $639 million, with an EPS of $0.58, above the expected $0.56. For the full fiscal year, Okta projected revenue of $2.56 billion, exceeding the estimate of $2.54 billion, and an EPS of $2.61, higher than the anticipated $2.42. Despite these positive results, Okta's stock fell by 13% in pre-market trading, attributed to mixed guidance and concerns over future growth and revenue trajectory. Evercore ISI initiated coverage on Okta with an Outperform rating and a price target of $122, noting the strong second-quarter results yet expressing disappointment over the guidance for the second half of the fiscal year.