Okta Reports Solid Q4 Results But Growing Expenses As It Scales Up
Okta’s Q4 non-GAAP net loss was $29 million, compared to non-GAAP net income of $8 million a year prior. Non-GAAP basic and diluted net loss per share was 18 cents. Total revenue was $383 million, an increase of 63% year-over-year. Analysts were expecting a net loss of 24 cents per share on revenue of $359.36 million. For the full fiscal 2022, total revenue was $1.3 billion, an increase of 56% year-over-year....