$ZS Q4 earnings results: Revs up 35% y/y to $525M Gross margin was 80.8% Customers with $1M+ ARR up 31% y/y to 497 Expect Q1 revs to be min $534M, up 28% y/y Investor Deck: https://t.co/o22izxOr5f https://t.co/SHuypBEGx9
Zscaler Posts Beat-And-Raise Quarter. The Stock Slides Anyway. https://t.co/GAqjchp9o6
Zscaler shares dip despite outperforming fiscal second quarter expectations https://t.co/6tWIhZHcY4
Okta, Inc. ($OKTA) reported its Q4 earnings, showcasing a significant beat on both top and bottom lines, with adjusted EPS at $0.63 against an estimated $0.51 and sales reaching $605 million against an estimated $587.5 million. The company's shares surged over $100 for the first time since August 2022, marking an up ~20% increase after hours to ~$105 on strong guidance. Okta anticipates Q1 EPS to be between 54-55 cents versus an estimated 42 cents and projects its 2025 revenue to be between $2.5 billion and $2.51 billion, against an estimated $2.48 billion. Additionally, Bank of America has double upgraded Okta to 'buy' from 'underperform', foreseeing a 55% upside, following the robust earnings report. This positive momentum contrasts with other tech companies like Salesforce (down 5%) and Snowflake (down 24%), which faced declines after their earnings reports due to weaker outlooks.
