Okta (OKTA) reported earnings on Thur 6 Sept 2018 (a/h)

** charts after earnings **

  

Okta beats by $0.04, beats on revs; guides OctQ and FY19 above consensus 

• Reports Q2 (Jul) loss of $(0.15) per share, excluding non-recurring items, $0.04 better than the S&P Capital IQ Consensus of ($0.19) and above prior guidance of $(0.21)-(0.20); revenues rose 57.0% year/year to $94.59 mln vs the $85.0 mln S&P Capital IQ Consensus and vs prior guidance of $84-85 mln.
• Co issues upside guidance for Q3 (Oct), sees EPS of $(0.12)-(0.11), excluding non-recurring items, vs. ($0.17) S&P Capital IQ Consensus; sees Q3 revs of $96-97 mln vs. $88.96 mln S&P Capital IQ Consensus.
• Co issues upside guidance for FY19, sees EPS of $(0.48)-(0.46), excluding non-recurring items, vs. ($0.56) S&P Capital IQ Consensus; sees FY19 revs of $372-375 mln vs. $357.15 mln S&P Capital IQ Consensus.