Cloud Stocks: Okta Recovers from Data Breach Issues
Corporate identity management software company Okta (NASDAQ: OKTA) recently announced its quarterly results that continued to outpace market expectations. The company's focus on profitability is paying off as it delivered record non-GAAP profitability and cash flow in the quarter. Okta's Financials Revenues for the fourth quarter grew 19% to $605 million, ahead of the market's forecast of $587 million. EPS was $0.68 compared with $0.33 a year ago and was significantly better than the Street's estimate of $0.51 per share. By segment, subscription services revenues increased ...