Okta’s profit push is paying off as earnings send the stock soaring

Okta Inc. issued an upbeat outlook Wednesday afternoon while saying that its emphasis on profitability is paying off. Its stock was rising more than 17% in the extended session. The identity-management company expects $603 million to $605 million in fiscal first-quarter revenue, along with 54 cents to 55 cents in adjusted earnings per share. Both figures topped the FactSet consensus, which called for $584 million and 41 cents, respectively. Okta OKTA, +0.45%also boosted its full-year forecast an