Okta Inc.
Okta Announces Strong Q2 FY26 Financial Results with Revenue Growth and Profitability
Summary
Okta, Inc. reported robust financial results for the second quarter of fiscal year 2026, showing a 13% year-over-year increase in total revenue to $728 million, driven by a 12% growth in subscription revenue to $711 million. The company achieved GAAP net income of $67 million and non-GAAP net income of $169 million, with non-GAAP net income per share at $0.91. Okta also saw a 18% increase in remaining performance obligations (RPO) and generated operating cash flow of $167 million and free cash flow of $162 million. The company expects continued growth with a projected total revenue of $2.875 billion to $2.885 billion for the full fiscal year 2026.
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About Okta Inc.
Okta Inc. is a leading provider of identity and access management solutions, enabling organizations to securely connect the right people to the right technologies at the right time. Founded in 2009, Okta serves a wide range of industries including healthcare, financial services, technology, and government, providing seamless and secure interactions between users and their increasingly complex IT environments. One of Okta's core offerings is its cloud-based platform, which helps manage and secure user authentication and access across applications, integrating with numerous enterprise systems and services. The platform's versatility supports single sign-on, multi-factor authentication, and API security, enhancing productivity and security simultaneously. Based in San Francisco, California, Okta plays a significant role in the growing cybersecurity and tech ecosystem by addressing the critical need for robust identity management solutions in a digitally evolving world. Its innovative products and services meet the demands of digital transformation, offering organizations the ability to optimize workforce efficiency while ensuring rigorous security measures.
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