Shares of Okta Inc. fell 10.4% in Wednesday’s extended trading session, as the cloud-based enterprise identity-management platform provider disappointed investors with wider-than-expected loss guidance for 1Q and FY22. Meanwhile, Okta’s 4Q results (ending Jan. 31, 2021) came in higher than analysts’ expectations and revenue guidance also topped estimates. Okta (OKTA) reported 4Q earnings of $0.06 per share, compared to the Street’s expectations for a loss of $0.01 per share. Notably, the company reported a loss of $0.01 per share in the year-ago period. Revenues of $234.7 million jumped 40% year-over-year and exceeded consensus estimates of $221.9 million. Subscription revenue grew 42% year-over-year to $225.4 million.
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