Okta Is Starting to See COVID-19 Impacts

When enterprise identity provider Okta (NASDAQ: OKTA) reported fourth-quarter earnings last month, CFO Bill Losch noted on the conference call with analysts that "we have not experienced any impact to our demand related to the coronavirus and this is reflected in our guidance." That was nearly a month ago, and the coronavirus outbreak has rapidly evolved every day since.

Okta hosted two events this week: a virtual investor day and its Oktane20 conference. Ahead of those proceedings, the company also tweaked certain parts of its guidance and provided investors with some updates on how the COVID-19 pandemic is impacting its business.

CEO Todd McKinnon speaking at Oktane19 last year. Image source: Okta.

Continue reading

Source Fool.com