Reported 28 days ago
Okta's CEO Todd McKinnon stated that companies are being cautious with their software spending due to macroeconomic uncertainties. He mentioned that businesses are reevaluating their technology investments to ensure a real return on investment, which is causing longer decision-making processes. Despite Okta's strong revenue growth and profitability, the company faces challenges in acquiring new business, prompting a focus on product innovation, especially around AI, to drive future growth.
Source: YAHOO