Okta Inc. shares fell by as much as 13.6% following the company's quarterly earnings report, despite beating expectations for both earnings and revenue. The stock dropped 10% in extended trading after Okta maintained its full-year guidance, citing ongoing macroeconomic uncertainties. For the fiscal first quarter, Okta reported adjusted earnings per share of 86 cents, surpassing the expected 77 cents, and revenue of $688 million, ahead of the $680 million forecast. Revenue increased 12% year-over-year, with subscription revenue also rising 12% to $673 million. Net income reached $62 million, compared to a net loss of $40 million in the same period last year. The company reported a dollar-based net retention rate of 106% for the quarter, its slowest pace on record, indicating slowing growth from existing customers. Current performance obligations reached $2.23 billion, exceeding analyst estimates. cRPO grew 14% year-over-year. Despite the stock decline, Stifel maintained a Buy rating on Okta and raised its price target to $130. Okta reaffirmed its full-year revenue guidance of $2.85 billion to $2.86 billion.