Sometimes it's going to be users. I was going to say it's really an important vertical for us. We're always --. DELETE Available for Chrome, IE, Safari, Firefox, and Edge. It's also upsells -- sorry, cross-sells within Workforce. Click Done. So, realizing that a lot of that is subscription revenue, it's already in the bank, but trends definitely are pointing the other way. It's still relatively small in terms of our partner channels, but it's growing quite rapidly. So, in terms of net retention rate, the decline quarter-over-quarter from 120 to 117, like we spoke about previously, we did expect the number to decline, and they were for two reasons. Turning to our Q1 results. So, IGA, it's off to a strong start, but it's only in the hundreds of customers. And when you look at the people we're talking to, it's not -- there's not a lot of people in the world that have experience taking a company from 2 billion in ARR to 10 billion-plus, which is where we want to go over the next several years. So, I think it's -- you're seeing solid execution, a lot of macro uncertainty, but long term, identity is going to be an important thing, and we're going to be there to serve the market. Thanks, Dave, and thank you, everyone, for joining us this afternoon. OIN, Okta Integration Network, is a list of pre-configured apps that are inside Okta and can be easily added. So, I think you've got it spot on. Use the following instructions as an example for how to prevent access to the Okta End-User Dashboard. I see that there are quite a few hands raised already, and I'll take them in the order. Note: If you've enabled the theme builder feature, the /api/v1/org/logo endpoint still works, but pages use the logo from the theme. So, that's how I would think about net retention going forward. Connect and protect your employees, contractors, and business partners with Identity-powered security. The following example returns a preview of the UserActivation email template's default content. Brett, in the same sentence, you kind of said increased macro headwinds, but then you also reverted to similar to Q4. The Links object is read-only. I'll steer away from macro for a sec. And just to finish my question was, if I look at the guidance for the full year that you guys are raising for revenue, does that assume that what you see today gets worse, kind of stays the same? It's a very -- it's a modern IGA. Okta gives you a neutral, powerful and extensible platform that puts identity at the heart of your stack. HOW DO I MOVE AN APP FROM ONE TAB TO ANOTHER ON MY DASHBOARD? And then, the real quick follow-up was, do you think you're rightsized with the restructuring you had in the first quarter? And so, presumably, this quarter was a pretty big step down on a quarter-over-quarter basis. I mean, I don't think we're getting overly aggressive here. One thing is just the qualitative conversations with customers, conversations with analysts in the market, industry analysts, etc., etc. The following example returns a preview of a customization of the UserActivation email template. Okta End-User Dashboard | Okta I'm pleased to report that due to changes that we implemented, including changes in our granting practices and slowed hiring, net dilution for FY '23 finished better than expected at less than 3.5%. Billy Fitzsimmons -- MoffettNathanson -- Analyst. I think it's just pretty different than the -- it's pretty different than -- their Workforce Identity picture is. Non-GAAP operating margin was strong as well. How to Reset your Okta Verify Token We made a number of significant product advancements for our Workforce Identity Cloud in Q1. So, on the positive side, I know Brett mentioned that you guys have seen strong growth in cross-sell across products. Use the logo and favicon from the Theme with the. The following example returns the UserActivation email template's default content. Passing an invalid brandId returns a 404 Not Found with the error code E0000007. The Okta End-User Dashboard offers end users immediate access to apps. Organizations are recognizing the value and the convergence of IGA, PAM, and access management. Returns a 409 Conflict with the error code E0000182 if isDefault is true and a default customization exists. The number of fully ramped salespeople is close to a more normalized level as average tenure increases, and we're seeing positive trends in the number of sales reps closing Customer Identity Cloud deals. So, we're still doing a lot of things to improve. Another interesting thing is that the more -- the large deals over $1 million and customers crossing that $1 million ACV threshold is up over 40%, so that's super positive. With other apps, Okta automatically passes on access through a token, so you dont have to update the app password. Hey, yeah. Our balance sheet remains strong, anchored by $2.37 billion in cash, cash equivalents, and short-term investments. Is this something that can be done? Various trademarks held by their respective owners. Thanks so much for taking the question. We continue to see great cross-selling between Workforce Identity Cloud and Customer Identity Cloud. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. It's -- it covers all of the basic use cases and all the integrations that a customer that is more cloud-centric and modern in their technical architecture want to need -- would want or need. Managing dilution will continue to be a focus area, and we remain committed to further reduction over the long term. And when we look at evidence of that -- we look for evidence of that, it's resonating. The flow will try to find the name of the app in Okta, if the app ID is invalid the name will be blank. No matter what industry, use case, or level of support you need, weve got you covered. Identity-Powered Security. So, in terms of the compares, I mean, what you heard me say a second ago, there is some residual impact from the execution challenges we had in FY '23 in the current RPO guidance. OK. Got it. We're harnessing that data for Security Center, which is now generally available for Okta Customer Identity Cloud. Before turning to expense items and profitability, I'll point out that I'll be discussing non-GAAP results going forward. forum. And the whole focus of their identity program really is to be identity for email and then by extension, be identity for security. I actually think -- I don't think that people are waiting at all for the integration between -- to go with IGA, for the integration between IGA and Privileged. OK. And just to finish off though, is there anything you want to say about the cRPO growth? Start building with powerful and extensible out-of-the-box features, plus thousands of integrations and customizations. So, it's off to a very good start. I would like to move those to other tab especially created for this group but last time we did this it broke all custom layout arrangements on end-user side. We're making sure -- customers are making sure they're getting ROI. We're definitely seeing that as well. For example, they can place recently used apps at the top of the page for easy access. If you remember last time, I talked about macro worsening, and we basically spent most of this call talking about macro worsening. And power users love the plugin's keyboard shortcuts. We actually -- the IGA has -- or OIG, Okta Identity Governance, which is our IGA product, has surpassed every goal we've had for it. So, it's another good positive sign inside what we're seeing in the execution of the organization. Use the default Okta loading page animation during the redirect. No need to re-enter any credentials. Invest better with The Motley Fool. /api/v1/brands/${brandId}/themes/${themeId}/background-image, Updates the background image for your Theme, Returns 201 Created with the background image URL. And we're confident that we are positioning the company for many years of profitable growth. Next up, Adam Tindle at Ray J. Got it. And in a lot of ways, we have the luxury of making sure we look everywhere and find a truly amazing candidate. GET These impacts were felt in varying degrees on a global basis. "agreeToCustomPrivacyPolicy": true, And it's interesting, we don't -- we just don't see it in the data. We are -- I am still searching for a go-to-market president. Or do you think there's some more opportunity here to trim fat here and there? Valid values: [OKTA_DEFAULT, WHITE_LOGO_BACKGROUND, FULL_THEME, LOGO_ON_FULL_WHITE_BACKGROUND]. How to create an a user account. Let's go to Sterling Auty at MoffettNathanson. If you add a sign-on policy to deny access to the Okta End-User Dashboard, ensure that admins are either not included in the affected group or have a higher priority rule so they retain access to their dashboard. Under Who does this rule apply to?, click the following groups and users and select the specific groups where this rule applies. The following request shows background image validations. The sequential downtick in the net retention rate stemmed from a decrease in the upsell rate with both enterprise and SMB customers. Keith Bachman -- BMO Capital Markets -- Analyst. Questions? But obviously, we're being thoughtful with how we're thinking about the balance of the year given what we've seen in the macro and how it's developed over the last few quarters. We're also pleased to have turned the corner on the challenges we faced last year. You can customize the Okta-hosted sign-in page, error pages, email templates, and the Okta End-User Dashboard. "subject": "Hello from Okta! They're putting Okta Identity Governance next to it for kind of -- and surrounding it in that. Maybe we can get these last two quickly. You have single sign-on. The following example deletes all customizations of the UserActivation email template. 2023 Okta, Inc. All Rights Reserved. end-user dashboard | Page 1 | Okta Retrying Okta App Assignments (Helpdesk) - Imagine Learning And if you have any follow-up questions, you can email us at [emailprotected] Thanks, everybody. It now protects users against phishing with advanced phishing resistance for the enterprise, covering every user on any device and major operating system. Non-GAAP net income per share is raised to $0.88 to $0.93, assuming diluted weighted average shares outstanding of approximately 180 million. I just would add to that in the sense that if you heard my comment a second ago around our cross-selling across the business, whether it's intra-cloud or inter-cloud, was really good. To do that, enterprise IT tools need to be simple and seamless to use, and should deliver intuitive user experiences while remaining highly secure. /api/v1/brands/${brandId}/themes/${themeId}/logo. Welcome to Okta's first-quarter fiscal year 2024 earnings webcast. And so, we're obviously balancing that off with the effect from the macro. Our two clouds, one Okta strategy has really taken root with our go-to-market team, and our customers and partners love it, too. For example, the UserActivation email template allows users to activate their account. It's provided value to some of the largest companies as well. You can upload your own assets (colors, background image, logo, and favicon) to replace Okta default brand assets. I mean I think for us, when we're thinking about the guidance. The other area that we're kind of seeing it more broad-based is around from a geo perspective or a segment perspective, there's no one area where you're like, wow, it's really affecting it more there. To help foster best of breed, Okta continues to expand our technology partnerships so that our customers can deploy the most innovative solutions while enhancing security, all while retaining freedom of choice. Yeah. NerdWallet, a platform that provides financial guidance to consumers in small and midsized businesses, was another great example of cross-selling between our two clouds and a great illustration of how our customers layer on more and more Okta capabilities over time. For example, they can place recently used apps at the top of the page for easy access. What's giving you that sense of optimism and continuing to kind of raise your full-year guide and perhaps quarter-over-quarter acceleration in the second half? So, that's just in the data holistically. It's still a relatively small number given the number of 18,000-plus customers and the number of deals we do in a quarter. ", It's interesting, the way it's manifesting itself in the numbers is a little bit average deal size is a little bit lower. The business line also selected Okta Identity Governance to manage partner access to critical collaboration applications. That's going to lead to, I think, a really balanced business going forward and a go-to-market organization that can sell both products at scale. }', '{ Okta is the best positioned company to deliver this to the market and expand on our leadership position, all while delivering profitable growth over the long term. Cost basis and return based on previous market day close. Just any quantitative or qualitative update on the performance of CIAM versus Workforce? With me in today's meeting, we have Todd McKinnon, our chief executive officer and co-founder; and Brett Tighe, our chief financial officer. So, they're really kind of perfect fits for this. In the Access section at the bottom of the page, use the dropdown menu to select Denied. Never stop innovating is a core Okta value, and we continue to make important advancements on that front. The new customer count is a little lower than we would have expected. It varies from year to year, but it's been a mix between the two. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. At the same time, we continue to deliver value to our customers and underscore our leadership position through product innovation. ", "emailTemplateTouchPointVariant: 'OKTA_DEFAULT_RANDOM' is invalid. Notes: It's interesting that the -- if you look at the -- like the analytics we look at over the whole of the business, that's where you get that average deal size ticking down. And some of that is just the way we build features and how they're not beholden to kind of shuttling certain technology to customers. Copyright 2023 Okta. We now expect revenue of $2.175 billion to $2.185 billion, representing growth of 17% to 18%. And I know it's early with the product, but do you see any delay or hesitancy in customers purchasing attention around IGA, just waiting for the full release of PAM to put those two solutions together? Various customization options are available for end users. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. So, that is kind of a high level how we're looking at the business and color some of our outlook. Here's everything you need to succeed with Okta. https://platform.cloud.coveo.com/rest/search, https://support.okta.com/help/s/global-search/%40uri, https://support.okta.com/help/services/apexrest/PublicSearchToken?site=help, Create sign-on policies with Okta Applications, Control access to the Okta End-User Dashboard. And I think one thing that -- just to clarify what I said, I think that our assumption was that it would be more greenfield. "emailTemplateTouchPointVariant": "OKTA_DEFAULT_RANDOM", Include the function, process, products, platforms, geography, categories, or topics for this knowledge article. Email/Dashboard log in assistance Banner/Blackboard log in assistance Installing Microsoft Office 365 Installing Lockdown Browser Other student technology issues with laptops or mobile devices Contact the Gwinnett Tech Student IT Help Desk. There's also the qualitative that we hear from the field of budgets being reduced a little bit or, hey, the CFO and procurement being a little slower to close deals because they want to be thoughtful about how they enter into contracts. So, there's been a lot of talk about better cross-sell and upsell within your base versus new logos. I mean, it's going to change. Deletes a Theme logo. Some of our sizable opportunities over the last couple of quarters and over the next few quarters are actually with states, states doing big transformation projects. So, that's really how we're thinking about the guidance. Is there any way to quantify that? By far, the biggest Customer Identity vendor, it's a pretty -- it's important to bring both to customers, but one of the reasons why it's so valuable from a company perspective from -- to be that vendor is because you have to really build two muscles to do it successfully, which is what we've done. If you add a sign-on policy to deny access to the Okta End-User Dashboard, ensure that admins are . We've had technology integrations and partnerships with Google for over a decade and have a deep base of shared customers. The following request shows validations for invalid favicon dimensions. I think it's a really good -- it's some really good questions there. And then, I have a quick follow-up. 2023 Okta, Inc. All Rights Reserved. A business line of a Fortune 500 semiconductor company was an exciting new business win in Q1. I mean, I think from a current RPO guide perspective, obviously, we've been thoughtful about the macro, I mean, we talked about it over the last few minutes and how it's really been affecting us a little bit more every quarter. We'll go to Peter Weed at Bernstein. I can't give you an exact number. New organizations get access to the dashboard by default, so existing orgs can use this guide to remove access for users that dont use the dashboard. "signInPageTouchPointVariant": "OKTA_DEFAULT_RANDOM", They don't have as many as they expected, so they're not going to buy more, or maybe they have less than they had when they originally contractually agreed with us. It's easier to navigate, more mobile-friendly, and loads 50% faster than our previous Dashboard!.
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