Okta saw its revenue surge by 13% year-over-year last quarter, as earnings per share beat estimates.
The company reported revenue of US$682 million last quarter. Total revenue last fiscal year was $2.61 billion, up 15%.
“In a rapidly evolving IT and security landscape, organizations are turning to Okta as their identity partner for our ability to deliver the broadest array of modern identity security with the flexibility to meet their demands,” said Okta CEO Todd McKinnon.
“We’re entering the new fiscal year laser focused on serving our customers with even more innovation on the Okta and Auth0 platforms while further elevating the industry with the Okta Secure Identity Commitment.”
Subscription revenue also increased by 13% year-over-year to reach US$670 million. Across its fiscal year 2025, subscription revenue rose by 16% to $2.56 billion.
Okta’s non-GAAP diluted earnings per share last quarter were US$0.78, rising from $0.63 in the previous fiscal year. This surpassed Zacks estimates of $0.73.
Non-GAAP net income was US$141 million last quarter, above the previous fiscal year’s $113 million.
The company’s remaining performance obligation was a record US$4.22 billion last quarter, up 25% from the prior fiscal year’s fourth quarter.
For the first quarter of Okta’s 2026 fiscal year, the company expects total revenue of US$678-680 million. Revenue across the fiscal year is projected to be $2.85-2.86 billion.
The company also reported this week that it had reached US$1 billion in sales on Amazon Web Services Marketplace, a software catalogue for Amazon Web Services customers. Okta and Amazon said they would strengthen their partnership on integrating artificial intelligence and encouraging the adoption of secure identity technology.
Okta’s (NASDAQ: OKTA) share price soared to US$100.99 in after-hours trading, following a $87.16 close. Its market capitalisation is $14.95 billion.
