Okta: Fiscal Q4 Earnings Snapshot

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Okta Inc. (OKTA) on Wednesday reported a loss of $44 million in its fiscal fourth quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 26 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 63 cents per share.

The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The cloud identity management company posted revenue of $605 million in the period, also beating Street forecasts. Fourteen analysts surveyed by Zacks expected $586.2 million.

For the year, the company reported a loss of $355 million, or $2.17 per share. Revenue was reported as $2.26 billion.

For the current quarter ending in April, Okta expects its per-share earnings to range from 54 cents to 55 cents.

The company said it expects revenue in the range of $603 million to $605 million for the fiscal first quarter.

Okta expects full-year earnings in the range of $2.24 to $2.29 per share, with revenue ranging from $2.5 billion to $2.51 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OKTA at https://www.zacks.com/ap/OKTA