Okta reported stronger-than-expected second-quarter results, with revenue, profit, cash flow, and backlog all rising, which sent its shares sharply higher in extended trading. The company also raised its full-year outlook as it expands into securing AI agents and completes its acquisition of Permiso Security. #Okta #PermisoSecurity #Auth0 #ToddMcKinnon
Keypoints
- Okta beat second-quarter expectations and lifted its full-year forecast.
- Revenue rose 11% year over year to $805 million.
- AI agents are becoming a major new focus for Okta’s identity security strategy.
- Okta launched products like Okta for AI Agents and Auth0 for AI Agents.
- Okta closed its acquisition of Permiso Security to strengthen identity threat detection.