Strong Cash Flow and Record Profitability
Okta posted solid Q1 results with exceptional cash flow and record operating profitability and profit margin.
New Product Growth
New products such as Okta Identity Governance, Okta Privileged Access, and Identity Threat Protection with Okta AI showed strong contribution, with Workflow executions increasing nearly 400% over the past three years.
Large Customer Success
The number of customers with $1 million ARR and higher grew by 20%, indicating continued strength with large customers.
Successful Go-To-Market Specialization
The newly specialized sales teams showed early positive signals, with the Auth0 platform performing well following a record Q4.
Public Sector Strength
The U.S. public sector vertical showed strong performance with significant deals, including two of the top three deals in Q1.