$Okta (OKTA.US)$ reported quarterly adjusted earnings of $0.67 per share which beat the analyst consensus estimate of $0.58 by 15.52 percent. On a GAAP basis, the firm pulled in an operating loss that sent the earnings per diluted share to $0.00, according to the release.
Still, the stock rose after total revenue was $665 million, up about 14% year-over-year. Subscription revenue was $651 million, climbing 14% year-over-year.
The company reported quarterly sales of $665.000 million which beat the analyst consensus estimate of $649.702 million by 2.35 percent. This is a 13.87 percent increase over sales of $584.000 million the same period last year.
