Tajuk : Okta knocked it out of the park on its first ever quarterly report as a public company
link : Okta knocked it out of the park on its first ever quarterly report as a public company
Okta knocked it out of the park on its first ever quarterly report as a public company
Okta showed its first report card to Wall Street since going public, and the Street was very pleased.
Shares of the cloud software company popped roughly 7% in after hours on Wednesday, after it reported financial results that topped analyst targets.
Okta’s Q1 revenue of $53 million was up 67% year-over-year, and above the $48 million expected by analysts. Excluding certain items, Okta said it lost $0.50 per share in the first three months of the year, lower than the average analyst expectation of a $0.62 per share loss.
The strong results sent the $2.3 billion company’s stock to a new high, two months after a successful IPO in which its stock soared 44% on the first day of trading. Okta’s software helps companies manage employee passwords for various cloud services.
Okta also offered a financial forecast for the current quarter and the full year that exceeded Wall Street targets.
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Okta showed its first report card to Wall Street since going public, and the Street was very pleased.
Shares of the cloud software company popped roughly 7% in after hours on Wednesday, after it reported financial results that topped analyst targets.
Okta’s Q1 revenue of $53 million was up 67% year-over-year, and above the $48 million expected by analysts. Excluding certain items, Okta said it lost $0.50 per share in the first three months of the year, lower than the average analyst expectation of a $0.62 per share loss.
The strong results sent the $2.3 billion company’s stock to a new high, two months after a successful IPO in which its stock soared 44% on the first day of trading. Okta’s software helps companies manage employee passwords for various cloud services.
Okta also offered a financial forecast for the current quarter and the full year that exceeded Wall Street targets.
Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!
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Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2s6lRfA
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
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Kini anda membaca artikel Okta knocked it out of the park on its first ever quarterly report as a public company dengan alamat pautan https://timesnewmalaysia.blogspot.com/2017/06/okta-knocked-it-out-of-park-on-its.html
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