Okta $OKTA rose 8% after Q1 FY2027 revenue grew 11% to $765M and remaining performance obligations increased 16% to $4.719B. The identity-software company guided FY2027 revenue to $3.185B-$3.205B and free cash flow to $855M-$885M.
Snowflake $SNOW rose 36% after Q1 FY2027 product revenue increased 26% to $996.8M and remaining performance obligations reached $6.7B. The company also said it plans to spend $6B on Amazon Web Services over five years.
IBM $IBM fell 6% in extended trading after first-quarter adjusted EPS of $1.91 and revenue of $15.92B beat expectations of $1.81 and $15.62B. The stock reaction turned negative because management kept its 2026 outlook unchanged instead of raising targets after a 9% revenue gain.
ServiceNow $NOW beat Q1 estimates with $0.97 adjusted EPS and $3.77B revenue, but shares sank 14% after management flagged a 75 bps subscription-growth headwind from delayed Middle East deals.
HN cared less about a clean open-versus-closed slogan than about what happens when AI makes vulnerability discovery cheaper for everyone. The Strix post argued that closing source does not remove the attack surface, while the thread split over noisy AI reports, SaaS economics, and whether obscurity can still raise attacker costs.