Core Insights - Okta reported better-than-expected earnings and revenue but maintained its guidance due to an uncertain economic environment, resulting in an 11% stock decline in extended trading [1][2] Financial Performance - Revenue for the fiscal first quarter increased by 12% to $688 million compared to $617 million a year ago, with subscription revenue also rising by 12% to $673 million [1][2][4] - Net income was $62 million, or 35 cents per share, a significant improvement from a net loss of $40 million, or 24 cents per share, a year ago [2] - Current performance obligations reached $2.23 billion, exceeding the StreetAccount estimate of $2.19 billion [4] Guidance and Market Outlook - The company is taking a "prudent approach" to its outlook, maintaining its revenue guidance for the fiscal year between $2.85 billion and $2.86 billion [2] - CEO Todd McKinnon indicated a cautious outlook due to potential macroeconomic uncertainties, despite a strong position in the identity security market [3] - Discussions with customers have become more cautious, although there was no immediate impact on business performance in the first quarter [4]