Okta posted an adjusted loss of 10 cents per share on $452 million in revenue.
Although analysts had anticipated a loss of 31 cents per share on revenue of $430.7 million, Okta reported a profit.
The Q2 results for Okta beat projections but faced integration problems related to its acquisition of Auth0 in 2021.
The cybersecurity software maker saw sharp drops on Thursday morning.
Last Friday, the company suddenly disappointed investors.
The stock of the cybersecurity expert was down 5% that day, compared to a 2.6% decline in the S&P 500.
During this morning's stock market trade, the price of Okta stock fell 31% to $62.87.
Though the corporation reported -10 cents in adjusted EPS for the quarter, this is true.
A 43% increase from $315.5 million over the previous year is also represented.
Another issue is that Okta now has attrition rates around 20% higher than the industry average of 15%.