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.
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