Okta Q1 Earnings Review, Shares Up 7%
<p><a href='https://financialmodelingprep.com/financial-summary/OKTA'>Okta, Inc. (NASDAQ:OKTA) </a>shares rose around 7% since the company’s reported Q1 results last week, with EPS coming in at ($0.27), better than the Street estimate of ($0.34). Revenue was $415 million, compared to the Street estimate of $389.05 million.</p>
<p>The company benefited from solid core growth, impressive success with Auth0 integration/cross-sell, and higher international contribution. Overall, underlying demand drivers remain strong, allaying investor concerns around a macro slowdown and potential negative impact from the recent security breach. </p>
<p>Analysts at Oppenheimer see significant near-term opportunity in CIAM with continued cross-selling, and believe the conservative guide assumes potential macro headwinds that have yet to present themselves, thereby de-risking numbers. </p>

NASDAQ:OKTA