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Okta Projects Sales Topping Estimates on Remote-Work Demand

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Okta Inc. gave a revenue forecast for the current quarter that topped analysts’ estimates, signaling steady demand for its identity software while corporate employees log on to work from home during the pandemic.

Sales will be as much as $222 million in the period ending in January, the San Francisco-based company said Wednesday in a statement. Analysts, on average, estimated $216.7 million, according the data compiled by Bloomberg. In the current fiscal year, Okta raised its projected revenue to as much as $823 million from a previous high of $803 million.