Shares in Okta Inc. edged up more than 1% in late trading today after the identity and access management company reported earnings and revenue beats in its fiscal 2026 fourth quarter and gave guidance ahead of expectations.

For the quarter that ended on Jan. 31, Okta reported adjusted earnings per share of 90 cents, up from 78 cents per share in the same quarter of the previous fiscal year, on revenue of $761 million, up 11% year-over-year. Both figures came in ahead of the 85 cents per share and revenue of $749.53 million expected by analysts.

As of the end of the quarter, Okta had remaining performance obligations of $4.827 billion, up 15% from a year ago. Current remaining performance obligations, a figure that represents subscription backlog expected to be recognized over the next 12 months, rose 12%, to $2.513 billion. Net cash from operations in the quarter came in at $258 million and Okta was sitting on $2.553 billion in cash, cash equivalents and short-term investments as of Jan. 31.

Business highlights in the quarter included Okta releasing new capabilities focused on securing artificial intelligence agents and other non-human identities. The releases included the introduction of Auth0 for AI Agents which is designed to give AI systems secure identities and authentication controls so they can interact safely with enterprise applications and data. The company also expanded developer-focused security tools within the Auth0 platform aimed at helping organizations build and deploy generative AI applications with stronger identity and access management.

Other notable highlights in the quarter include Okta expanding capabilities within its Okta Identity Governance offering to help enterprises manage identity lifecycle and access rights across applications and infrastructure. The platform provides automated provisioning, access certification and policy enforcement tools that allow organizations to manage employee, partner and machine identities across complex enterprise environments.

For its full fiscal year 2026, Okta reported adjusted earnings per share of $3.50, up from $2.81 in the fiscal year prior, on revenue of $2.919 billion, up 12% year-over-year.

“Our strong performance this fiscal year was fueled by the continued trust of the world’s largest organizations and the accelerating adoption of our new products, reinforcing the value of our unified identity platform,” co-founder and Chief Executive Todd McKinnon said in the company’s earnings release. “AI is redefining the future of software and creating a critical need to secure AI agents, a challenge Okta was built to solve.”

For its fiscal 2027 first quarter, Okta expects adjusted earnings per share of 84 to 86 cents on revenue of $749 million to $753 million and for the full fiscal year, adjusted earnings of $3.74 to $3.82 and revenue of $3.17 billion to $3.19 billion.

The full-year outlook was ahead of the $3.67 per share and revenue of $3.17 billion forecast by analysts.

Jenna Cline, senior vice president of business technology at Okta, spoke with theCUBE, SiliconANGLE Media’s livestreaming studio, in late September on how Okta is taking a governance-first path to AI adoption:

Photo: Okta