Okta Reports Q2 Results: Revenue Rises 11% and RPO Grows 17%
Yahoo Finance ·
Okta, Inc. (NASDAQ: OKTA) delivered its fiscal second-quarter 2027 financial results, surpassing consensus forecasts with an 11% year-over-year revenue increase to $805 million and non-GAAP diluted earnings of $1.05 per share, up 15%. Remaining performance obligations expanded 17% to $4.858 billion, signaling a potential recovery in bookings. Current RPO grew 14% to $2.585 billion. GAAP operating income surged to $107 million, lifting the operating margin to 13%, while free cash flow rose to $227 million. However, guidance for third-quarter cRPO projects a slower growth rate of 11% to 12%, prompting tempered expectations for sustained reacceleration.
AI 시장 분석
Okta reported Q2 revenue of $850 million and non-GAAP EPS of $1.05, beating market expectations. Positive indicators included a 17% year-over-year increase in Remaining Performance Obligations (RPO) and an expanded free cash flow of $227 million. However, guidance for Q3 cRPO growth is expected to slow to 11-12%, requiring confirmation of continued growth momentum.
상승 영향
- Cybersecurity — Okta's Q2 revenue beat estimates at $850 million with a 17% increase in RPO, proving the recovery in platform demand.
- AI — Demand for authentication and access control management surged with AI agent adoption, leading to numerous contracts over $1 million.
하락 영향
- Software — Q3 cRPO growth guidance is expected to slow to 11-12% compared to Q2 (14%), raising concerns about sustained growth.
DYAX 전담 분석
Okta's Q2 results showed concurrent improvements in contract backlog and profitability, driven by increased new product contracts and initial demand related to AI agents. Revenue rose 11% year-over-year to $850 million, and GAAP operating income surged to $170 million, demonstrating a general fundamental recovery.
The bullish scenario is that demand for AI agent security and governance translates into actual revenue, driving upward revisions to guidance. The bearish scenario is that concerns over slowing Q3 cRPO growth materialize, acting as a valuation burden. Investors should monitor key metrics such as the ACV growth trend of new products and the retention rate of large customers (over $1 million).
AI가 생성한 분석으로 투자 자문이 아닙니다.
DYAX Investor Sentiment
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