Okta Fiscal Q1 Non-GAAP Net Income, Revenue Rise; Q2 Guidance Set, Fiscal 2027 Outlook Raised

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Okta (OKTA) reported fiscal Q1 non-GAAP net income late Thursday of $0.91 per diluted share, up from $0.86 a year earlier.

Analysts polled by FactSet expected $0.85.

Revenue in the three months ended April 30 rose to $765 million from $688 million a year earlier.

Analysts surveyed by FactSet expected $751.8 million.

The company said it expects fiscal Q2 non-GAAP diluted net income per share of $0.95 to $0.97 on revenue of $790 million to $794 million. Analysts surveyed by FactSet expect $0.96 and $791.4 million, respectively.

For fiscal 2027, the company now expects non-GAAP diluted net income per share of $3.79 to $3.87, compared with previous guidance of $3.74 to $3.82.

Annual revenue is now slated to be between $3.19 billion and $3.21 billion, compared with $3.17 billion to $3.19 billion previously.

Analysts polled by FactSet expect $3.80 and $3.18 billion, respectively.

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