Okta (NASDAQ:OKTA) reported its Q1 earnings results on Wednesday, May 31, 2023 at 04:01 PM.
Here’s what investors need to know about the announcement.
Earnings
Okta beat estimated earnings by 69.23%, reporting an EPS of $0.22 versus an estimate of $0.13.
Revenue was up $103.06 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.21 which was followed by a 13.26% increase in the share price the next day.
Here’s a look at Okta’s past performance:
| Quarter | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.09 | -0.24 | -0.3 | -0.34 |
| EPS Actual | 0.30 | 0 | -0.1 | -0.27 |
| Revenue Estimate | 489.36M | 465.34M | 430.74M | 388.99M |
| Revenue Actual | 510.00M | 481.04M | 451.81M | 414.94M |
To track all earnings releases for Okta visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
