SAN FRANCISCO (AP) _ Okta Inc. (OKTA) on Wednesday reported a loss of $276.7 million in its fiscal second quarter.

On a per-share basis, the San Francisco-based company said it had a loss of $1.83. Losses, adjusted for stock option expense and amortization costs, were 11 cents per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.

The cloud identity management company posted revenue of $315.5 million in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $296.2 million.

For the current quarter ending in November, Okta expects its results to range from a loss of 25 cents per share to a loss of 24 cents per share.

The company said it expects revenue in the range of $325 million to $327 million for the fiscal third quarter.

Okta expects full-year results to range from a loss of 77 cents per share to a loss of 74 cents per share, with revenue ranging from $1.24 billion to $1.25 billion.

Okta shares have increased 4.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $265.58, a climb of 18% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OKTA at https://www.zacks.com/ap/OKTA

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