Okta, Inc. (NASDAQ:OKTA) shares jumped more than 13% on Thursday after the company reported its Q4 results, with EPS of $0.30 coming in better than the Street estimate of $0.09. Revenue of $510 million was also above the Street estimate of $489.79 million, highlighting continued improvement in sales execution, stable attrition, and strong upsell activity in a challenging macro backdrop.
For Q1/24, management sees EPS in the range of $0.11-$0.12, compared to the Street estimate of $0.00, and revenue in the range of $509-$511 million, compared to the Street estimate of $497.9 million.
For the full 2024 year, management anticipates EPS to be in the range of $0.74-$0.79, compared to the Street estimate of $0.32, and revenue in the range of $2.155-2.17 billion, compared to the Street estimate of $2.16 billion.
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