Okta, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended January 31, 2024
February 28, 2024 at 04:01 pm EST
Share
Okta, Inc. reported earnings results for the fourth quarter and full year ended January 31, 2024. For the fourth quarter, the company reported revenue was USD 605 million compared to USD 510 million a year ago. Net loss was USD 44 million compared to USD 153 million a year ago. Basic loss per share from continuing operations was USD 0.26 compared to USD 0.95 a year ago.
For the full year, revenue was USD 2,263 million compared to USD 1,858 million a year ago. Net loss was USD 355 million compared to USD 815 million a year ago. Basic loss per share from continuing operations was USD 2.17 compared to USD 5.16 a year ago.
Okta, Inc. is an independent identity provider company. The Company's Okta Identity Platform is an independent and neutral cloud-based identity solution that allows its customers to integrate with nearly any application, service or cloud that they choose through its secure platform and cloud infrastructure. Its Workforce Identity Cloud is used as the central system for an organizationâs connectivity, access, authentication and identity lifecycle management needs spanning all of its users, technology and applications. Its Workforce Identity products include Universal Directory, Single Sign-On, Adaptive Multi-Factor Authentication, Lifecycle Management, API Access Management, Access Gateway, Advanced Server Access and Okta Identity Governance. The Companyâs Customer Identity products include Universal Login, Attack Protection, Adaptive Multi-Factor Authentication, Passwordless, Machine to Machine, Private Cloud, Organizations, Actions and Extensibility, and Enterprise Connections.
OKTA, INC. 
