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Okta Q3 Revenue 2017

Okta had a clean pace across the board for its third-quarter earnings on Wednesday, sending its stocks up to four percent in after-hours trading.

percent from the same quarter last year, thanks to the great triumphs of the clients in Caesars Entertainment, Nordstrom and CBRE.The company was also named as one of the leaders in the Identity report as a service of Forrester this quarter 19659006] The net loss was extended to $ 33.8 million in the third quarter, while its free cash flow remains negative at $ 11.2 million. The company still has $ 223.6 million in cash on its balance sheet.

Okta provided guidance for fourth-quarter revenue in the range of $ 70 million to $ 71 million, far surpassing the street consensus of $ 67.9 million FactSet.

In addition, Okta revealed plans for a move to a new headquarters in San Francisco. The new office, located in the SoMa district of San Francisco, will occupy 207,000 square feet of space and will open in the second quarter of 2018.

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