Okta said it continues to see revenue for the fiscal first quarter, which ended this morning, of $237 million to $ 239 million, up 30% to 31% from a year ago, with a non-GAAP loss of 20 to 21 cents a share. For the January 2022 fiscal year, Okta ( OKTA ) continues to see revenue of $1.08 billion to $1.09 billion, with a non-GAAP loss of 44 to 49 cents a share.
In an interview with Barron’s, Chief Financial Officer Mike Kourey said he told investors the company expects top- line growth for the medium term of about 30% a year, or at least 35% if you include the company’s pending $6.5 billion acquisition of the identity-management software firm Auth0 (pronounced Auth Zero). He also said that the two new product launches significantly expand the company’s total addressable market – he sees Okta ( OKTA) with an overall TAM of $80 billion.
https://www.barrons.com/articles/okta-stock-jumps-8-after-me…