Okta's first quarter 2027 revenue grew 11% as the company raised its full-year outlook.

Okta reported first quarter 2027 revenue of $765 million, up 11% year-over-year, and non-GAAP EPS of $0.91. The company also raised its full-year revenue and profitability guidance, citing strong execution and productivity from its go-to-market strategy.

Key Highlights

• Current remaining performance obligations (cRPO), a key indicator of future revenue, grew 12% year-over-year to $2.5 billion.
• The company generated robust free cash flow of $271 million, representing a strong 35% margin for the quarter.
• Okta raised its full-year 2027 revenue outlook to a range of $3.185 billion to $3.205 billion and non-GAAP EPS guidance to $3.79 to $3.87.