Okta flags slowest growth since IPO as revenue outlook disappoints
Okta forecast first-quarter revenue of $749 million to $753 million, missing Wall Street’s $754.61 million estimate and signaling its slowest growth since its 2017 IPO. The company reported fourth-quarter revenue up 11% to $761 million, beating expectations. Okta said it has not yet seen significant effects from customer seat reductions linked to hiring and layoffs.