Is Okta a big company?

Okta, Inc. is a prominent player in the identity and access management (IAM) industry, serving a diverse clientele across various sectors.

Company Size and Workforce

As of January 31, 2024, Okta employed approximately 5,908 individuals. This figure reflects a slight decrease of about 1.75% from the previous year, where the employee count stood at 6,013.

Financial Performance

In the fiscal year ending January 31, 2024, Okta reported total revenue of $2.26 billion, marking a 21.80% increase compared to the prior year. The company's robust financial performance underscores its significant presence in the IAM market.

Market Capitalization

As of December 2024, Okta's market capitalization is approximately $13.17 billion. This valuation positions Okta as a substantial entity within the technology sector.

Client Base and Reach

Okta serves a wide array of organizations, ranging from small businesses to large enterprises. Its solutions are utilized across various industries, including technology, healthcare, finance, and government, highlighting its extensive market reach.

Industry Recognition

Okta has been consistently recognized as a leader in the IAM space, earning accolades for its innovative solutions and customer-centric approach. This recognition further solidifies its standing in the industry.

In summary, Okta's substantial workforce, strong financial growth, significant market capitalization, diverse client base, and industry recognition collectively affirm its status as a major company in the identity and access management sector.