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Okta’s Long-Term Prospects Keep Getting Better
Okta’s (NASDAQ: OKTA) second-quarter earnings report came out Wednesday night. This report gave investors the first update since the company’s $6.5 billion acquisition of Auth0 closed on May 3, just a few days after the quarter began. While some investors seemed skeptical of the all-stock deal, especially given its hefty price tag, the second-quarter results show that the deal is priming Okta for long-term growth.
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