Okta exceeds expectations and raises forecast

8/28/2025, 7:55 PM

Okta significantly increases revenue and profit, raises annual forecast, and focuses on expansion with the acquisition of Axiom Security.

Eulerpool News Aug 28, 2025, 7:55 PM

Okta significantly increased sales and profits in the second quarter and simultaneously raised its annual forecast. The US specialist for identity security reported a net profit of $67 million or 37 cents per share – more than double the previous year's $29 million or 15 cents per share.

Adjusted, the result was 91 cents per share, above the analyst expectations determined by FactSet of 84 cents. Revenue climbed 13 percent to $728 million, also exceeding the forecasts, which had been $711.2 million.

The increase in the subscription business was particularly strong: The so-called Remaining Performance Obligations increased by 18 percent to $4.15 billion. For the coming twelve months, Okta expects to realize $2.27 billion - an increase of 13 percent.

The management subsequently raised the annual forecast: Revenue is now expected to reach between $2.88 and $2.89 billion, up from the previous $2.85 to $2.86 billion. The adjusted earnings per share are expected to be between $3.33 and $3.38, also above previous estimates. For the third quarter, Okta forecasts revenues of $728 to $730 million and a profit of 74 to 75 cents per share.

A strategic acquisition accompanies the positive figures: Okta takes over the platform Axiom Security and plans to integrate its technology into its own service for privileged access. This aims to secure particularly sensitive resources in the future. It is also noteworthy that five of the ten largest contract signings in the reporting period came from the public sector, including a US agency in the defense sector.

The stock market reacted immediately: After-hours, Okta shares rose by 3.8 percent to 95 dollars.

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