2 Bright Spots in Okta's Earnings Report

Jeremy Bowman, The Motley Fool
·4 min read
2 Bright Spots in Okta's Earnings Report

There's a once-in-a-century pandemic happening in the world, but you wouldn't know it from looking at Okta's (NASDAQ: OKTA) latest earnings numbers. The cloud-based identity and security specialist has been steady as a rock as the company continues to deliver strong revenue growth and increasing cash flow like clockwork. What stood out about this quarter is that Okta's making significant headway with legacy institutions like banks that are traditionally late adopters of new technology.