Okta Inc.
Okta Reports Strong Q1 FY27 Results and Provides Financial Guidance
Summary
Okta, Inc. announced its financial results for the first quarter of fiscal year 2027, reporting an 11% year-over-year increase in total revenue to $765 million and subscription revenue to $750 million. The company's remaining performance obligations (RPO) grew 16% year-over-year to $4.719 billion, with current RPO growing 12% to $2.499 billion. GAAP operating income was $56 million, and non-GAAP operating income was $191 million. GAAP net income was $74 million, and non-GAAP net income was $168 million. Okta also provided financial guidance for Q2 and full-year FY27, expecting total revenue growth of 9% and non-GAAP operating income of $806 million to $826 million. The company expects non-GAAP diluted net income per share of $3.79 to $3.87 and non-GAAP free cash flow of $855 million to $885 million.
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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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