04:18 PM EDT, 05/29/2024 (MT Newswires) -- Okta ( OKTA ) reported fiscal Q1 non-GAAP earnings Wednesday of $0.65 per diluted share, up from $0.22 a year earlier.

Analysts surveyed by Capital IQ expected $0.55.

Revenue for the quarter ended April 30 was $617 million, up from $518 million a year earlier.

Analysts surveyed by Capital IQ expected $604.5 million.

The company said it expects fiscal Q2 non-GAAP EPS of $0.60 to $0.61 on revenue of $631 million to $633 million. Analysts surveyed by Capital IQ expect EPS of $0.54 on revenue of $616.8 million.

Okta ( OKTA ) raised fiscal year 2025 non-GAAP EPS outlook to the range of $2.35 to $2.40 from $2.24 to $2.29. Analysts surveyed by Capital IQ expect $2.26. The company raised its revenue outlook for the year to about $2.53 billion to $2.54 billion, compared with $2.50 billion to $2.51 billion previously. Analysts surveyed by Capital IQ expect $2.51 billion.

Okta ( OKTA ) shares were up 1% in after-hours activity.

Price: 97.48, Change: +1.12, Percent Change: +1.16