Okta shares plummet as CEO says 'short-term challenges' lead to workers leaving at higher rate

Okta shares plummet as CEO says ‘short-term challenges’ lead to workers leaving at higher rate

Shares of Okta Inc. tumbled in extended trading on Wednesday after executives revealed the software company faced integration issues with its $6.5 billion acquisition of Auth0. Okta OKTA, +0.26% Executives on Wednesday raised their annual earnings forecasts again, but left their full-year revenue targets unchanged. “There are some short-term challenges,” Todd McKinnon, Okta’s CEO and …

Okta shares plummet as CEO says ‘short-term challenges’ lead to workers leaving at higher rate Read More »