Okta Beats Earnings, But Stock Dips
Update: 2025-12-02
Description
Okta, the identity management company, reported impressive Q3 earnings for FY2025, with revenue of $742 million, a 11.6% increase year-over-year, and non-GAAP profit of $0.82 per share, 8.4% higher than expected. The companys revenue guidance for the next quarter is $749 million, also surpassing estimates. Despite the positive results, Oktas stock traded down 3.7% following the announcement, indicating potential demand challenges ahead.
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