Okta Inc - Ordinary Shares - Class A

NASDAQ:OKTA   12:17:22 AM EDT
82.80
-1.03 (-1.23%)
Layoffs, Earnings Announcements

Okta Reduces Workforce By About 300 Full-Time Employees

Published: 02/02/2023 14:43 GMT
Okta Inc - Ordinary Shares - Class A (OKTA) - Okta Inc - Reduction of Company's Workforce by Approximately 300 Full-time Employees.
Okta - Estimates It Will Recognize About $15 Million of Restructuring Charges in Q4 of Fiscal 2023 for Future Cash Employee Severance and Benefits Costs.
Okta Inc - Expects to Record an Insignificant Adjustment to Its Stock-based Compensation Expense in Q1 of Fiscal 2024.
Okta Inc - Insignificant Adjustment to Its Stock-based Compensation Expense Related to Equity Compensation for Employees Who Were Terminated.
Okta Inc - Intends to Exclude Charges Associated With Plan From Its Non-GAAP Financial Measures.
Further Company Coverage: Oktao ((reuters.
Briefs@thomsonreuters.
Com;)).
Revenue is expected to be $510.99 Million
Adjusted EPS is expected to be $0.12

Next Quarter Revenue Guidance is expected to be $528.61 Million
Next Quarter EPS Guidance is expected to be $0.16

More details on our Analysts Page.