The identity management firm exceeded Q1 expectations on both earnings and revenue, driven by 11.2% year-over-year growth.
Okta reported Q1 non-GAAP earnings per share of $0.91, beating estimates by $0.06, alongside revenue of $765M, which surpassed forecasts by $13.21M. The company cited 11.2% year-over-year revenue growth as a key driver of the outperformance.
Analysts had anticipated lower figures, with consensus estimates hovering near $0.85 for EPS and $751.8M for revenue. The results mark a continuation of Okta’s growth trajectory, though the firm maintained a cautious outlook for Q2 and FY27 guidance.
The company did not provide specific forward-looking metrics but emphasized a prudent approach to projections amid ongoing market uncertainty.