By Christine Ji and Hannah Pedone
Okta's Q1 earnings cleared Wall Street expectations, and the company believes a massive market for AI-agent identity management is brewing on the horizon
Okta's new-product portfolio saw strong demand during the April quarter.
Identity-management software company Okta delivered a revenue and earnings beat Thursday - the latest sign that identity security is becoming increasingly important in a world full of artificial-intelligence agents.
For the first fiscal quarter of 2027, Okta (OKTA) reported revenue of $765 million, up 11% year over year and clearing the $752 million FactSet analyst consensus estimate. Okta reported 91 cents in adjusted earnings per share; analysts had been anticipating 85 cents.
