Cloud Stocks: Okta Not Worried by Macro Headwinds
Corporate identity management software company Okta (NASDAQ: OKTA) recently announced its second quarter results that continued to outpace market expectations. The company improved its outlook for the rest of the year as well, sending the stock soaring more than 10% in the after-hours trading session. Okta's Financials Revenues for the second quarter grew 23% to $556 million, surging ahead of the market's forecast of $534.06 million. EPS was $0.31, significantly better than the Street's estimate of $0.21 per share. By segment, subscription services revenues increased 24.6% to $5...