Shares of Okta Inc. OKTA, -0.78% dipped 4% in extended trading Wednesday after the enterprise-software company reported fiscal fourth-quarter results. Okta reported a net loss of $241.2 million, or $1.56 a share, compared with a net loss of $75.8 million, or 58 cents a share, in the year-ago quarter. Okta’s adjusted loss was 18 cents a share. Revenue improved 63% to $383 million from $234.7 million a year ago. Analysts surveyed by FactSet had expected a net loss of 24 cents a share on revenue of $360 million. Okta’s stock has plunged 18% this year, while the broader S&P 500 index SPX, +1.86% has declined 8%.
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