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Okta shares surge over 15% on strong revenue and earnings beats

  • Okta shares surged over 15% in late trading after strong revenue and earnings beats.
  • For Q3, Okta reported adjusted earnings per share of 67 cents and revenue of $665 million, both exceeding analyst expectations.
  • Okta expanded Auth0 capabilities, introduced security enhancements and AI governance tools in the quarter.
  • For Q4, Okta expects adjusted earnings per share of 73-74 cents and revenue of $667-669 million, both ahead of estimates.

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