Okta FY27 Q2 GAAP net income rises to $116 million; revenue increases 11% year-over-year to $805 million
OKTA•Outlook
Okta forecast Q3 revenue of $813 million-$817 million and said it expects FY2027 revenue of $3.22 billion-$3.23 billion.
Q2 results
Okta posted Q2 fiscal 2027 revenue of $805 million, up 11% year over year; GAAP net income rose to $116 million.
- Subscription backlog climbed, with RPO up 17% to $4.86 billion; cRPO increased 14% to $2.59 billion.
- GAAP operating income widened to $107 million, lifting operating margin to 13% from 6% a year earlier.
- Operating cash flow increased to $234 million; free cash flow rose to $227 million.
