Okta Announces First Quarter Fiscal Year 2027 Financial Results
NQ Score
47/100
N1 Content Completeness
9
AI Summary (NQ-processed)
Okta, Inc. announced its financial results for the first quarter of fiscal year 2027, ended April 30, 2026. Total revenue increased 11% year-over-year to $765 million, and Remaining Performance Obligations (RPO) grew 16% to $4.719 billion, marking a strong start. Driven by the growing demand for identity management as AI agents proliferate, non-GAAP operating income reached $191 million. The company also provided its financial outlook for the second quarter and the full fiscal year.
AI Analysis
Frequently Asked Questions
- Q: What was Okta's total revenue for Q1 FY2027?
- A: It was $765 million, an increase of 11% year-over-year.
- Q: Who is the CEO of Okta?
- A: Todd McKinnon.
- Q: What was the non-GAAP operating income for Q1 FY2027?
- A: It was $191 million.
- Q: What is the total revenue outlook for the full FY2027?
- A: It is expected to be between $3.185 billion and $3.205 billion.
- Q: How much was Okta's free cash flow?
- A: It was $271 million.