Overview
- Revenue rose 11% to $761 million in the fiscal fourth quarter with adjusted EPS of $0.90, both ahead of LSEG estimates, and GAAP net income reached $63 million.
- For fiscal Q1, Okta guided revenue to $749 million–$753 million, roughly 9% growth and below consensus, with adjusted EPS of $0.84–$0.86.
- Remaining performance obligations climbed 15% year over year to $4.83 billion, indicating expanding contracted subscription demand.
- Executives attributed the conservative near-term outlook to softer enterprise tech spending and project delays, while noting no meaningful seat-reduction impact in reported results.
- Full-year guidance calls for $3.17 billion–$3.19 billion in revenue as the company highlights identity security for AI agents as a key growth opportunity, and shares are down about one-third this year.