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Okta Sees Q3 Adj. EPS $(0.25)-$(0.24) vs $(0.34) Est., Sales $325M-$327M vs $322.93M Est.; Sees FY22 Adj. EPS $0.77)-$(0.74) vs $(1.11) Est., Sales $1.243B-$1.25B vs $1.22B Est.

Financial Outlook: Okta's financial outlook for the third quarter and full year fiscal 2022 includes the expected contribution from the acquisition of Auth0, net of purchase accounting adjustments. The acquisition

Benzinga · 09/01/2021 16:03

Financial Outlook:

Okta's financial outlook for the third quarter and full year fiscal 2022 includes the expected contribution from the acquisition of Auth0, net of purchase accounting adjustments. The acquisition closed on May 3, 2021.

For the third quarter of fiscal 2022, the Company expects:

  • Total revenue of $325 million to $327 million, representing a growth rate of 50% year-over-year;
  • Non-GAAP operating loss of $35 million to $34 million; and
  • Non-GAAP net loss per share of $0.25 to $0.24, assuming weighted-average shares outstanding of approximately 153 million.

For the full year fiscal 2022, the Company now expects:

  • Total revenue of $1.243 billion to $1.250 billion, representing a growth rate of 49% to 50% year-over-year;
  • Non-GAAP operating loss of $119 million to $114 million; and
  • Non-GAAP net loss per share of $0.77 to $0.74, assuming weighted-average shares outstanding of approximately 147 million.