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Okta Inc.  (OKTA)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Okta Inc's

Competitiveness


 

OKTA Sales vs. its Competitors Q2 2022



Comparing the results to its competitors, Okta Inc reported Total Revenue increase in the 2 quarter 2022 by 43.2 % year on year.
The sales growth was above Okta Inc's competitors average revenue growth of 8.37 %, recorded in the same quarter.

List of OKTA Competitors





Revenue Growth Comparisons




Net Income Comparison


Okta Inc. recorded net loss , despite income increase by most of its competitors of 5.32 %

<<  More on OKTA Income Comparisons


Okta Inc's Comment on Competitors and Industry Peers


The markets for our products are rapidly evolving, highly competitive and subject to shifting customer needs and frequent introductions of new competing technologies. As the markets in which we operate continue to mature and new technologies and competitors enter those markets, we expect competition to intensify. Our competitor categories include:
Authentication providers;
Lifecycle Management providers;
Multi-factor Authentication providers;.
Infrastructure-as-a-service providers;
Other customer identity and access management providers; and
Solutions developed in-house by our potential customers.
We compete with both cloud-based and on-premise enterprise application software providers. Our competitors vary in size and in the breadth and scope of the products and services offered. However, certain of our competitors have substantial competitive advantages such as significantly greater financial, technical, sales and marketing, distribution, customer support or other resources, longer operating histories, greater resources to make strategic acquisitions and greater name recognition than we do. Our principal competitor is Microsoft.
Due to the flexibility and breadth of our platform, we can and often do co-exist alongside our competitors’ products within our customer base.
Principal competitive factors in our markets include flexibility, independence, product capabilities, total cost of ownership, time to value, scalability, user experience, number of pre-built integrations, customer satisfaction, global reach and ease of integration, management and use. We believe our product strategy, platform architecture, technology and independence as well as our company culture allow us to compete favorably on each of these factors.
We expect competition to increase as other established and emerging companies enter our markets, as customer requirements evolve, and as new products and technologies are introduced. We expect this to be particularly true as we are a cloud-based offering, and our competitors may also seek to acquire new offerings or repurpose their existing offerings to provide identity management solutions with subscription models. With the continuing merger and acquisition activity in the technology industry, particularly transactions involving security or identity and access management technologies, there is a greater likelihood that we will compete with other large technology companies in the future in both the workforce identity and customer identity markets.



  

Overall company Market Share Q2 2022

Strong sales growth of 43.2 % in Overall company contributed to Okta Inc. increase in total revenue by 43.2 %

Okta Inc. improved its market share in this segment, to approximate 0.39 %.


<<  More on OKTA Market Share.
 
*Market share is calculated based on total revenue.


OKTA's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Okta Inc. OKTA 8,392.57 1,136.00 -334.00 5,030
Accenture Plc ACN 194,455 61,594.31 6,884.52 510,500
Adtran Holdings Inc ADTN 1,480 821.42 -48.03 2,060
Akamai Technologies Inc AKAM 15,143 3,594.23 507.39 7,724
Alpine 4 Holdings Inc. ALPP 112 79.70 -12.30 0
Amplitech Group Inc AMPG 22 17.84 -2.60 5
Appian Corporation APPN 2,757 447.19 -142.35 705
Broadcom Inc. AVGO 236,943 31,680.00 10,125.00 21,000
Avid Technology Inc AVID 1,255 420.38 45.20 1,522
Belden Inc BDC 3,611 2,542.21 133.90 8,200
Consensus Cloud Solutions Inc CCSI 1,129 97.90 30.90 459
Ciena Corp CIEN 6,724 3,703.14 198.76 5,161
Clearfield Inc CLFD 1,830 270.88 49.36 230
Commscope Holding Company Inc COMM 1,876 9,134.30 -265.00 20,000
Salesforce Inc. CRM 147,147 24,080.00 3,164.00 49,000
Cyberark Software Ltd CYBR 5,903 502.92 -83.95 2,400
Amdocs Limited DOX 11,498 4,288.64 688.37 31,000
Dxc Technology Co DXC 6,676 15,370.00 772.00 138,000
Dzs Inc DZSI 330 373.58 -25.16 629
Symbolic Logic Inc EVOL 16 0.00 14.12 314
F5 Inc FFIV 9,477 2,695.85 322.16 5,983
Franklin Wireless Corp FKWL 40 28.76 -4.04 67
Fastly Inc FSLY 1,182 411.12 -201.64 976
Corning Inc GLW 29,675 14,459.00 1,878.00 50,110
International Business Machines Corporation IBM 134,856 60,539.00 1,262.00 381,100
Isign Solutions Inc. ISIGN 0 1.03 -0.55 0
Minim Inc MINM 8 63.90 -9.59 0
Microsoft Corporation MSFT 1,906,355 203,075.00 69,789.00 163,000
Uipath Inc. PATH 6,809 997.80 -428.84 4,013
Pineapple Energy Inc PEGY 19 -2.06 -4.50 0
Preformed Line Products Company PLPC 475 598.54 46.86 2,744
Palantir Technologies Inc PLTR 15,549 1,830.11 -560.77 2,920
Parkervision Inc. PRKR 19 0.07 -9.52 45
Sap Se SAP 146,526 31,183.04 6,021.12 107,415
Utstarcom Holdings Corp UTSI 144 15.92 -5.83 481
Encore Wire Corp WIRE 2,812 3,011.52 705.48 1,253
Walkme Ltd WKME 0 193.30 -80.29 0
Zeta Global Holdings Corp ZETA 1,178 193.79 -63.44 1,434
Zuora Inc ZUO 1,001 333.66 -85.79 1,393
SUBTOTAL 2,903,424.42 479,783.69 100,270.37 1,526,873
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