Okta market jumped as high as 18 percent in extended trading Thursday after the gathering reported better-than-expected results for the second quarter of its 2019 fiscal year, which unemployed on July 31.
Here’s how the company did:
- Earnings: Loss of 15 cents per interest, excluding certain items, vs. loss of 19 cents per share as envisioned by analysts, according to Thomson Reuters.
- Revenue: $94.6 million, vs. $84.8 million as expected by analysts, according to Thomson Reuters.
Okta’s profits grew by 57 percent, according to a statement. That’s down 3 part points from one quarter ago.
With respect to guidance, Okta hinted that in the fiscal third quarter it’s expecting a loss of 12 cents to 11 cents per quota, excluding certain items, on $96 million to $97 million in profits. That’s ahead of the estimates from analysts polled by Thomson Reuters, which fetched for a loss of 17 cents per share, excluding certain items, on $89 million in returns.
For its entire 2019 fiscal year Okta is calling for a loss of 48 to 46 cents per allot, excluding certain items, on $372 million to $375 million in yield. That’s also ahead of expectations from analysts polled by Thomson Reuters, which were a liability liabilities of 56 percents per share, excluding certain items, on $356.5 million in takings.
Also on Thursday, Okta said it has new or larger relationships at 21st Century Fox, Cisco, Pret A Manger and the formal of Georgia.
Okta stock is up 134 percent since the beginning of the year. In the compassion Okta announced the acquisition of security company ScaleFT. Okta bank oned public in April 2017.
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