Okta shares jump 24% after Q1 earnings beat and raised full-year guidance

Okta Inc reported first-quarter fiscal 2027 revenue of $765 million, beating estimates and showing 11% growth year-over-year. Adjusted EPS was $0.91, surpassing the $0.85 consensus. The company raised its full-year revenue guidance to $3.195 billion and expects adjusted EPS between $3.79 and $3.87. Strong subscription revenue, free cash flow, and growing performance obligations indicate accelerating demand, supported by new products and strategic shifts. Analysts view the outlook positively, noting potential continued growth into fiscal 2028 driven by emerging AI trends.