Adobe CEO may be the headline keyword here, but the cleanest number is Okta's: revenue rose 10.6% year over year to $805 million in the latest quarter. The company also posted adjusted EPS of $1.05. For investors, that pair gives a sharper read on whether Okta is still turning demand into cash flow.
Okta revenue hits $805 million
Okta's $805 million in revenue puts a hard figure on its current run rate. A 10.6% increase is not a breakout surge, but it does show growth holding up while the company keeps adding scale. The adjusted EPS of $1.05 adds margin discipline to the quarter.
Current RPO rises 14%
Okta's current remaining performance obligations climbed 14% to $2.6 billion. That metric tracks contracted future revenue, so the increase suggests more business already booked rather than merely talked about. The number of customers generating more than $1 million in annual contract value also rose by more than 20%.
DICK’S Sporting Goods adds friction
DICK’S Sporting Goods also drew attention because its latest quarter showed adjusted EPS of $3.53 on revenue of $5.6 billion, with revenue up 53% year over year but earnings down roughly 20% year over year. That mix is less clean than the top line suggests, especially because the company acquired Foot Locker last September and management cut its fiscal 2026 adjusted EPS outlook.
Investors looking at Okta now have a straightforward question: whether the 14% rise in current remaining performance obligations reflects steady customer demand or a one-quarter bump. The next figure to watch is whether that $2.6 billion backlog converts into revenue at the same pace, because that is the clearest test of whether the quarter's momentum will carry forward.
