Okta Inc (NASDAQ:OKTA) on Wednesday reported upbeat fourth-quarter financial results, but issued weak forecast for the first quarter.
Okta posted revenue of $761 million for the fourth quarter, beating analyst estimates of $748.79 million, according to Benzinga Pro. Fourth-quarter adjusted earnings came in at 90 cents per share, beating expectations of 85 cents per share.
“AI is redefining the future of software and creating a critical need to secure AI agents, a challenge Okta was built to solve,” said Todd McKinnon, co-founder and CEO of Okta.
Okta expects first-quarter revenue of $749 million to $753 million versus estimates of $754.69 million. The company anticipates first-quarter adjusted earnings of 84 to 86 cents per share versus estimates of 87 cents per share.
Okta …