Sat. Nov 16th, 2019

Okta shares up 3% on better-than-expected Q2 results

1 min read

Okta Inc.

OKTA, -1.41%

shares improved 3% in the extended session Wednesday after the identity and access management company reported second-quarter results that beat Wall Street estimates. The San Francisco-based company reported a non-GAAP net loss of $5.5 million, or 5 cents a share. Revenue rose 49% year-over-year to $140.5 million. Analysts surveyed by FactSet had expected a loss of 10 cents a share on revenue of $131.2 million. Okta shares are up 109% this year. The S&P 500 index

SPX, +0.65%

has gained 15% this year.

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