🔹 Revenue: $688M (Est. $680.3M) 🟢; +12% YoY
🔹 Non-GAAP EPS: $0.86 (Est. $0.77) 🟢
🔹 Subscription Revenue: $673M; +12% YoY
Full-Year Guidance:
🔹 Non-GAAP EPS: $3.23–$3.28 (Est. $3.21) 😐
🔹 Revenue: $2.85B–$2.86B (Est. ~$2.85B) 🟡; +9%–10% YoY
🔹 Non-GAAP Operating Income: $710M–$720M (25% margin)
🔹 Free Cash Flow Margin: ~27%
Q2 Guidance:
🔹 Non-GAAP EPS: $0.83–$0.84 (Est. $0.77) 🟢
🔹 Revenue: $710M–$712M (Est. ~$704M) 🟢
🔹 cRPO: $2.20B–$2.205B; +10%–11% YoY
🔹 Non-GAAP Operating Income: $183M–$185M (26% margin)
🔹 Free Cash Flow Margin: ~19%
Q1 Customer Metrics & Backlog:
🔹 RPO: $4.08B; +21% YoY
🔹 cRPO: $2.23B; +14% YoY
Other Key Q1 Metrics:
🔹 Non-GAAP OI: $184M; +38% YoY
🔹 Non-GAAP EPS: $0.86 (vs. $0.65 YoY) 🟢
🔹 Operating Cash Flow: $241M; Free Cash Flow: $238M (35% margin)
CEO Todd McKinnon:
🔸 "Q1 delivered record operating profit and robust free cash flow. Despite an uncertain macro, demand for identity security remains strong across workforce, customer, and AI-driven use cases."
🔸 "We're focused on profitable growth and innovation in delivering the only modern, unified identity security platform."
