Okta Beats Earnings, But Stock Dips

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.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.