#oktacrowdstrikesurgeonearningsbeat
$OKTA.US
's Q2 report shows an increase:
• Delivered an EPS of $1.05 (vs. $0.97 expected)
on
revenue of $805M (vs. $793M expected).
• AI Momentum: The new "
Okta
for AI Agents" solutions gained massive traction, making up 30% of new bookings.
• Enterprise Growth: Large enterprise clients with over $1M in annual contract value jumped by 20%+, crossing the 600 mark.
• Debt Cleared: Fully repaid $350M in convertible notes with cash, entirely removing convertible debt from the balance sheet.
• Guidance Boost: Management raised full-year growth and margin forecasts due to a strong cRPO backlog
$BMT
$HEMI
$OKTA.US
's Q2 report shows an increase:
• Delivered an EPS of $1.05 (vs. $0.97 expected)
on
revenue of $805M (vs. $793M expected).
• AI Momentum: The new "
Okta
for AI Agents" solutions gained massive traction, making up 30% of new bookings.
• Enterprise Growth: Large enterprise clients with over $1M in annual contract value jumped by 20%+, crossing the 600 mark.
• Debt Cleared: Fully repaid $350M in convertible notes with cash, entirely removing convertible debt from the balance sheet.
• Guidance Boost: Management raised full-year growth and margin forecasts due to a strong cRPO backlog
$BMT
$HEMI
