Okta (OKTA, Financials) shares surged 17.3% to $102.27 as of 12:08 p.m. GMT-5 on Tuesday, after the company reported stronger-than-expected fourth-quarter fiscal 2025 results and issued an optimistic revenue outlook.
Rising 13% year over year to $682 million, revenue for the quarter ended Jan. 31, above analyst estimates of $669.1 million. With adjusted profits per share at $0.78, above the projected $0.74.
Okta projected income for the current quarter between $678 million and $680 million, above market projections of $670.7 million. Greater than the average expectation of $0.70, the business additionally forecasted adjusted EPS in the range of $0.76 to $0.77.
Reflecting 10% yearly increase and surpassing the budgeted $2.8 billion, Okta forecasts full-year fiscal 2026 revenue to range between $2.85 billion and $2.86 billion.
Apart from its financial performance, the business also revealed that, over the last four years, Amazon Web Services (AMZN, Financials) Marketplace has earned over $1 billion in total sales.
"When Okta set out to redefine Identity in the cloud, we turned to AWS to build the foundationand the results have been game-changing," CEO Todd McKinnon said.
Based in San Francisco, Okta offers government organizations, companies, educational institutions, and charities security solutions along with identity management tools.
This article first appeared on GuruFocus.免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。