Octa Stock Crash/ Octa stock Recent news

Okta is an American identity and access management company.

it works with other companies To provide cloud software for user authentication. The Company Ceo is Todd Mckinnon

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On Thursday the stock Opened almost 25% down from the to $69.

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And in the premarket session on Thursday the stock was down by 18% to $74.94.

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As The Okta noted that business growth of the company has been affected by Unexpected problem caused by the integration with identity software company Auth0

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But Okta shows its strong demand despite weaker economic conditions, As It appeared In its Quarterly result

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Okta has posted revenue of $452 million which is up by 43% from a year ago.

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Octa is projecting revenue of $463 million to $465 million for the October quarter. Which is up between 32% to 33%.

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Octa now predict revenue of 1.812 billion to 1.820 2 billion for it's January 2023 fiscal year.

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Okta finished the quarter with $2.79 billion in remaining performance obligations, up 25% from a year ago.

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Okta is an American identity and access management company.

Okta is an American identity and access management company.

The Company Ceo is Todd Mckinnon.