Key Takeaways OKTA's subscription revenues rose 12% Y/Y to $673M, now making up 98% of the total Q1 revenues. New modules like Identity Governance and Privileged Access drove 15% of new bookings in the quarter. Customers with above $1M in ACV grew 20% Y/Y, aided by a reorganized, segment-focused sales team.Okta’s (OKTA) subscription business is booming, driven by strong customer demand and continued product innovation. In the first quarter of fiscal 2026, subscription revenues grew 12% year over year to $ ...