Okta, Inc. (NASDAQ:OKTA) is set to report first-quarter fiscal 2020 results on May 30.
Notably, the company’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, with the average positive surprise being 45.6%.
Okta’s fourth-quarter fiscal 2019 adjusted loss of 4 cents per share was narrower than the Zacks Consensus Estimate of a loss of 27 cents and the year-ago figure of 8 cents. Total revenues surged 49.9% from the year-ago quarter to $115.5 million and surpassed the consensus mark of $107.9 million.
Moreover, Okta added 500 new customers taking the total count to 6,100. Additionally, the company added 101 net new customers with over $100,000 annual recurring revenues in the last reported quarter taking the total count to 1,038.
Okta, Inc. Price and EPS Surprise
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