Okta: Fiscal Q2 Earnings Snapshot

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Okta Inc. (OKTA) on Wednesday reported fiscal second-quarter earnings of $116 million.

On a per-share basis, the San Francisco-based company said it had net income of 65 cents. Earnings, adjusted for one-time gains and costs, came to $1.05 per share.

The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.

The cloud identity management company posted revenue of $805 million in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $792.1 million.

For the current quarter ending in October, Okta expects its per-share earnings to range from 92 cents to 94 cents.

The company said it expects revenue in the range of $813 million to $817 million for the fiscal third quarter.

Okta expects full-year earnings in the range of $3.90 to $3.94 per share, with revenue ranging from $3.22 billion to $3.23 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OKTA at https://www.zacks.com/ap/OKTA