Snapshot
Okta, Inc. reported $765M of revenue in Q1 2027, up 11.2% year over year, with diluted EPS of $0.42 and an operating margin of 7.3%.
- Revenue
- $765M
- YoY growth
- +11.2%
- Diluted EPS
- $0.42
- Operating margin
- 7.3%
$765M
Revenue
+11.2%
YoY growth
$0.42
Diluted EPS
7.3%
Operating margin
01 Key takeaways
What management said
- •At around the same time the earnings press release hit the wire, we posted supplemental commentary to our IR website.
- •Today's meeting will include forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook and market positioning.
- •The reconciliation between GAAP and non-GAAP financial measures and a discussion of the limitations of using non-GAAP measures versus their closest GAAP equivalents are available in our earnings release.
- •In today's meeting, we'll quote a number of numeric or growth changes as we discuss our financial performance, unless otherwise noted, each such reference represents a year-over-year comparison.
- •Over the past 17 years, we've built the most modern and comprehensive identity platform, which is now the identity system of record trusted by more than 20,000 customers.
- •Our new product portfolio represented approximately 25% of Q1 bookings, a meaningful increase from Q1 last year.
- •By leveraging our unique advantages, great products, deep partnership, and industry expertise, we are well positioned to help customers thrive in this fast-moving landscape, which will unlock a new growth vector for Okta.
- •My commentary will provide insights into our Q1 performance and then move into our outlook for Q2 and FY 2027.
- •The stability of the sales team, coupled with strong execution, led to positive go-to-market KPI improvements, including increased sales productivity, strong pipeline build, and low AE attrition.
- •We're also seeing the investments we've made in our partner initiatives take root as partner source bookings experienced a meaningful increase, including multiple million-dollar-plus deals in Q1.
- •We had another strong quarter of cash flow in Q1 and ended the quarter with a very healthy balance sheet consisting of approximately $2.6 billion in cash equivalents, and short-term investments.
- •We continue to regularly evaluate Okta's capital allocation priorities to ensure we're well-positioned to deliver sustainable long-term value to shareholders.
SourcesCompany financials · earnings call
Last updated