
Okta Inc. reported a robust third quarter for fiscal year 2025, with total revenue reaching $665 million, marking a 14% year-over-year increase. Subscription revenue also grew by 14% to $651 million. The company's GAAP net income was $16 million, a significant improvement from a net loss of $81 million in the same quarter of the previous fiscal year. Okta's non-GAAP earnings per share (EPS) was $0.67, surpassing the consensus estimate of $0.58. The company also provided guidance for the fourth quarter, expecting revenue to be between $667 million and $669 million, which is above the consensus estimate of $651.3 million. For the full fiscal year 2025, Okta raised its EPS guidance to $2.75-$2.76 from $2.61, and revenue guidance to $2.595-$2.597 billion from $2.563 billion. Following the earnings release, Okta's shares surged over 15% in after-hours trading, with several analysts raising their price targets for the stock. Okta's operating cash flow for the quarter was $159 million.












$OKTA Bernstein Upgrades to Outperform, 'We think the time is right to get incrementally bullish' PT to $129
Bernstein Upgrades $OKTA to Outperform from Market Perform, Raises PT to $129 from $123 Analyst comments: "We think the time is right to get incrementally bullish on Okta. When we initiated coverage in mid-2022 at Market Perform, we were optimistic about ongoing product demand…
A quick look at Okta's earnings ⚡️ https://t.co/zFbY5hq2G1 $OKTA 🎙️ @DrillDownPod #DrillDownEarnings #DDE #Okta