News about Okta

Okta (OKTA) shares rose 112% from October 15, 2025 to October 16, 2026, beating the S&P 500's 16.2% after an 11.6% fall in the previous six months. The signals were public earlier: in late 2024 and early 2025, management named newer products such as Okta Privileged Access and Okta Identity Governance, while filings showed the operating margin improving from a loss equal to 2.4% of revenue in the quarter ended October 2024 to 5.6% by the quarter ended July 2025. Operating income for the four quarters ended July 2026 reached $236 million, up from $83 million, and the margin rose to 7.7% of revenue from 3.0%. Revenue growth has slowed to 10.6% in fiscal Q2 2027, and management expects 10% growth in fiscal Q3 2027, so the article points to sales growth as the number to watch in the next earnings report.