Okta Inc. (NASDAQ:OKTA) posted its first-quarter results after Thursday’s closing bell, beating estimates on the top and bottom lines and issuing strong guidance.
Here’s a look at the details inside the report.
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Okta Q1 Details
Okta reported quarterly earnings of 91 cents per share, which beat the analyst consensus estimate of 85 cents, according to Benzinga Pro data.
Quarterly revenue came in at $765 million, easily beating the Street estimate of $751.88 million.
Okta reported the following first-quarter highlights:
- RPO: RPO, or subscription backlog, was $4.719 billion, an increase of 16% year-over-year. cRPO, which represents subscription backlog expected to be recognized over the next 12 months, was $2.499 billion, up 12% compared to the first quarter of fiscal 2026.
- Non-GAAP Operating Income: Non-GAAP operating income was $191 million, or 25% of total revenue, compared to a non-GAAP operating income of $184 million, or 27% of total revenue, in the first quarter of fiscal 2026.
“AI agents are rapidly becoming a new workforce inside every organization, creating a wave of identities that must be secured and governed alongside human users,” said Todd McKinnon, CEO of Okta.
“We’re expanding our opportunity as the world’s leading independent and neutral identity provider and helping customers make identity the unified control plane for their secure agentic enterprise,” McKinnon added.
Looking Ahead
Okta raised its fiscal 2027 adjusted EPS guidance to $3.79 to $3.87, versus the $3.79 analyst estimate, and raised its revenue outlook to $3.185 billion to $3.205 billion, versus the $3.184 billion estimate.
OKTA Stock Price Activity: According to data from Benzinga Pro, Okta stock was up 9.59% to $103 in Thursday’s extended trading.
Photo: Shutterstock
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