Okta entered this earnings print already priced as a high‑expectation identity stock, and the market just pressed that bet harder. The share price jumped 28.6% to US$172.89 in regular trading, a move that tells you traders saw more than just a solid quarter.
The headline is simple. Okta turned in a profitable Q2 with basic earnings per share of US$0.67 on US$805 million of revenue, and bookings in what management called a record non Q4 quarter. The real story for investors now is whether this profit and bookings trajectory can keep justifying a triple digit P/E.
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