Okta Shares Climb After Strong Q1 Results, Forward Guidance

Okta Inc. (NASDAQ:OKTA) posted its first-quarter results after Thursday’s closing bell, beating estimates on the top and bottom lines and issuing strong guidance.

Here's a look at the details inside the report.

OKTA stock is moving. Watch the price action here.

Okta Q1 Details

Okta reported quarterly earnings of 91 cents per share, which beat the analyst consensus estimate of 85 cents, according to Benzinga Pro data.

Quarterly revenue came in at $765 million, easily beating the Street estimate of $751.88 million.

Okta reported the following first-quarter highlights:

RPO: RPO, or subscription backlog, was $4.719 billion, an increase of 16% year-over-year. cRPO, which represents subscription backlog expected to be recognized over the next ...

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Okta Shares Climb After Strong Q1 Results, Forward Guidance

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