US EditionOkta shares plunge 10% as company maintains guidance, citing macroeconomic uncertainties
- Okta Inc. Reported fiscal 2026 first-quarter results on April 30, with shares plunging over 12% in after-hours trading.
- The company posted revenue and earnings beats but cited macroeconomic uncertainties and softening customer demand as headwinds.
- Okta reported $688 million in revenue for the quarter, marking a 12% increase compared to last year, and its adjusted EPS rose to 86 cents, surpassing analyst expectations.
- CEO Todd McKinnon noted that the company began FY26 strongly, achieving record operating profits along with continued strong free cash flow.
- Although Okta posted strong results, it anticipates a cautious demand outlook and forecasts its revenue for the upcoming quarter to fall between $710 million and $712 million.
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Okta shares drop as CEO warns of cautious customer sentiment despite strong earnings - SiliconANGLE
Shares in Okta Inc. plunged more than 12% in late trading today despite the identity and access management company reporting earnings and revenue beats in its fiscal 2026 first quarter, after Chief Executive Todd McKinnon warned of macroeconomic challenges and softening demand from customers. For the quarter that ended on April 30, Okta reported adjusted […] The post Okta shares drop as CEO warns of cautious customer sentiment despite strong ear…
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