An announcement from Okta ( (OKTA) ) is now available.
On March 3, 2025, Okta announced its financial results for the fourth quarter and fiscal year ending January 31, 2025, showcasing significant growth and record profitability. The company reported a 13% year-over-year increase in total revenue for the fourth quarter, with subscription revenue also rising by 13%. Remaining performance obligations grew by 25%, indicating strong future revenue potential. Okta achieved record operating cash flow of $286 million and free cash flow of $284 million, reflecting its robust financial health. The results underscore Okta’s strategic positioning in the identity management industry, as it continues to innovate and meet the security needs of its customers.
More about Okta
Okta, Inc. is a leading independent identity management company that specializes in providing modern identity security solutions. The company focuses on delivering a broad array of identity services through its Okta and Auth0 platforms, catering to the evolving demands of IT and security landscapes.
YTD Price Performance: 14.79%
Average Trading Volume: 3,116,423
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $15.51B
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