Reported about 12 hours ago
Okta's co-founder and CEO, Todd McKinnon, announced a remarkable earnings report, highlighting a 25% increase in subscription backlog and record-high contributions from new products. The company surpassed analyst expectations in sales, earnings, and profit guidance, driven by heightened corporate spending on security amid rising cybersecurity risks. Okta's shares have risen 14% this year as it positions itself as a leader in identity management in a changing digital landscape.
Source: YAHOO