Okta delivers strong Q1 report, shares slump on cautious outlook

  • Okta Inc (NASDAQ:OKTA) delivered first quarter financial results that beat Wall Street expectations, but shares traded more than 13% lower on Wednesday morning as it issued conservative guidance, citing macro uncertainty.  For the first quarter, the identity and access management firm reported revenue of $688 million, up 12% year-over-year and above consensus estimates of $680.3 million.