Anil Chakravarthy’s Okta reported revenue of $805 million and adjusted EPS of $1.05. The company also said current remaining performance obligations rose 14% to $2.6 billion. That points to stronger future billing commitments even as investors keep pressure on software stocks for proof that growth is still holding up.
Okta revenue at $805 million
Revenue rose 10.6% year over year, which is the cleaner signal in the report because it shows the business is still expanding while many software names are being judged on durability rather than hype. Adjusted EPS of $1.05 gives the same message from the profitability side.
The most operationally useful figure is the $2.6 billion in current remaining performance obligations. That is the booked business Okta expects to deliver over time, and the 14% rise suggests customers are still committing money before the revenue is recognized.
DICK’S Sporting Goods and Foot Locker
DICK’S Sporting Goods showed why investors are separating headline growth from the quality of that growth. It reported adjusted EPS of $3.53 and revenue of $5.6 billion, but earnings slid roughly 20% year over year even as revenue rose 53% year over year.
Much of that revenue gain came from the addition of Foot Locker, which DICK’S Sporting Goods acquired last September. Comparable sales at DICK’S Sporting Goods rose 4.9%, while comparable sales at Foot Locker fell 3.6%, so the combined top line looked stronger than the two businesses did on the same-store measure.
Shares of DICK after guidance cut
Management cut DICK’S Sporting Goods' fiscal 2026 adjusted EPS outlook, and Shares of DICK’S Sporting Goods plunged after that move. For investors, the sequence matters more than the headline revenue number because the market is reacting to how much profit can actually be held after the acquisition is absorbed.
Okta’s report carries a different signal for readers tracking software names: more than 20% growth in customers generating over $1 million in annual contract value shows the company is still adding large commitments, but the exact fiscal quarter behind the results was not spelled out in the figures provided.
