澳洲幸运5官方开奖结果体彩网

Okta Stock Sinks on Firm's Concern About Economic Uncertainty

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澳洲幸运5官方开奖结果体彩网:Bill McColl
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Published May 28, 2025
10:56 AM EDT
The logo of Okta is displayed on a smartphone screen, with the company's stylized black-and-white branding visible in the background
Okta warned that net retention revenue will face a "headwind" in the first half of its fiscal year.

Cheng Xin / Getty Images

Key Takeaways

  • Okta didn't raise its full-year guidance despite posting better-than-expected first quarter results.
  • The identity software provider pointed to a "uncertain economic environment" ahead.
  • Okta warned that net retention revenue will face a "headwind" in the first half of its fiscal year.

Okta (OKTA) shares plunged 13% Wednesday, a day after the identification software provider didn't raise its full-year guidance because of economic uncertainty.

The company said in looking ahead, it was now "factoring in potential risks related to the uncertain economic environment for the remainder of FY26."

In the conference call with analysts, a transcript of which was provided by AlphaSense, CFO Brett Tighe explained that Okta's net revenue retention is facing "a little bit of headwind," which the company believes will last through the first half of the fiscal year.

Okta Q1 Results Top Estimates

The outlook offset better-than-expected first-quarter results. Okta reported adjusted earnings per share of $0.86, with revenue up 12% year-over-year🥃 to $688.0 million𒀰. Both exceeded Visible Alpha forecasts. 

CEO and co-founder Todd McKinnon explained that Okta posted "record 澳洲幸运5官方开奖结果体彩网:operating profit and another quarter of robust 澳洲幸运5官方开奖结果体彩网:free cash flow."

Even with today's losses, shares of Okta are nearly 40% higher this year.

OKTA

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  1. Okta.  “.”

  2. AlphaSense.  “Q1 2026 Earnings Call.”

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