Okta Beats Q1 Estimates with $765M Revenue, Raises FY27 Guidance on Strong New Product Bookings
OKTA sits 63% above its 52-week low of $62.66 on elevated volume (2.4× avg).
Summary
Okta reported strong Q1 FY27 results, with revenue of $765 million and non-GAAP EPS of $0.91, both exceeding the company's prior forecasts from March 5th. The company also raised its full-year FY27 revenue guidance to $3.185–3.205 billion, an increase from the guidance issued on March 4th. New products contributed significantly, accounting for approximately 35% of bookings, indicating successful diversification and growth. The CEO highlighted AI-agent identity management as a key future growth area. Traders will be watching Q2 results, with revenue guided to $790–794 million and adjusted EPS guidance issued yesterday.
At the time of this announcement, OKTA was trading at $102.31 on NASDAQ in the Technology sector, with a market capitalization of approximately $16.6B. The 52-week trading range was $62.66 to $112.08. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.