Okta, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 31, 2023
November 29, 2023 at 07:15 am EST
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Okta, Inc. reported earnings results for the third quarter and nine months ended October 31, 2023. For the third quarter, the company reported revenue was USD 584 million compared to USD 481 million a year ago. Net loss was USD 81 million compared to USD 209 million a year ago. Basic loss per share from continuing operations was USD 0.49 compared to USD 1.32 a year ago. Diluted loss per share from continuing operations was USD 0.49 compared to USD 1.32 a year ago.
For the nine months, revenue was USD 1,658 million compared to USD 1,348 million a year ago. Net loss was USD 311 million compared to USD 662 million a year ago. Basic loss per share from continuing operations was USD 1.91 compared to USD 4.21 a year ago. Diluted loss per share from continuing operations was USD 1.91 compared to USD 4.21 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. 
