Okta, Inc. is a leading identity and access management company that provides a robust platform for secure user authentication and authorization
It offers solutions that enable organizations to manage and secure user identities across various applications and devices, ensuring that the right individuals have the appropriate access to company resources. By leveraging advanced technologies like single sign-on and multi-factor authentication, Okta helps businesses enhance security, streamline user experiences, and simplify the management of user credentials, ultimately empowering them to operate more efficiently in a digital-first world.
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Okta had a solid Q4, capping off a critical year in which analysts were reassured this company has what it takes to sustain double-digit growth through 2030.
Shares of identity management software maker Okta (OKTA)
jumped 22.6% in the afternoon session after the company delivered a solid fourth quarter earnings, beating Wall Street's expectations on both revenue and operating profit. A standout metric was the 25% year-on-year growth in remaining performance obligations (RPO), which exceeded analysts' estimates, and implied solid future sales as customers lock in long-term commitments.
