Reported about 22 hours ago
Okta has raised its annual revenue and profit forecasts, driven by increasing demand for its identity verification tools as businesses bolster their defenses against AI-driven cyber threats. The company's stock rose nearly 7% after announcing a revenue forecast increase to $2.88-$2.89 billion for fiscal 2026 and adjusted profit per share expectations of $3.33-$3.38. Notably, Okta's revenue for the second quarter rose 13% to $728 million, surpassing estimates.
Source: YAHOO