Companies are being careful with software spending, Okta CEO says

"What's different is that companies are being careful with their money. They're rationalizing the technology they purchased over the last four or five years. They're making sure that they're getting real return on investment out of all the solutions," McKinnon told Yahoo Finance at the Goldman Sachs Communacopia and Technology Conference on Tuesday.

Revenue grew 16% from the prior year to $646 million, ahead of estimates for $635 million. Adjusted earnings clocked in at $0.72 a share, beating estimates of $0.61. The company achieved profitability on a GAAP basis for the first time. For the third quarter, Okta sees adjusted earnings per share in a range of $0.57 to $0.58. Analysts had expected $0.59.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Companies spending carefully, even on security: Okta CEOYahoo Finance Executive Editor Brian Sozzi sits down with Okta (OKTA) co-founder and CEO Todd McKinnon at the Goldman Sachs Communicopia and Tech Conference ...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Top TSX companies ‘powering Canada’s energy transition’: TSX CEOThe vast majority of top-performing stocks on the Toronto Stock Exchange (TSX) are participants in Canada’s energy transition, according to the exchange’s top executive, who also noted investors are now favouring value over growth.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »