Okta's stock is up about 110% since the beginning of 2019, with investors laser-focused on its strong top-line growth. For the fiscal first quarter, the cloud identity and access management firm posted revenue of $125 million, representing growth of 50% year over year.
However, the fast-growing firm continues to post losses -- its May earnings revealed a GAAP net loss of 46 cents per share, an increase over 25 cents per share in the prior year.
Investors are very interested in Okta's efforts in signing on more high-value, enterprise customers -- the firm has been sharing more on that in recent quarters, and that will likely be an area of focus in the quarters to come as well.
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