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Okta, Inc. (NASDAQ:OKTA) reported robust Q1 2025 results, showing a significant 15% year-over-year increase in current remaining performance obligations (cRPO), marking the fastest growth in a year. The company's quarterly bookings exceeded $1 billion for the first time, with new products contributing 20% of the bookings. Despite a -1.52% one-month performance, Okta's stock increased by 14.63% over the last year, with a market valuation of nearly $22 billion. The Sands Capital Technology Innovators Fund highlighted Okta as a leader in enterprise identity and access management software.
Source: YAHOO