Okta's revenue surged as agentic AI stoked demand for identity security tools

The identity security company reported $765 million in revenue and $0.91 in adjusted earnings per share, both topping analyst estimates

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Okta reported first-quarter revenue of $765 million on Thursday, up 11% from a year ago, beating analyst expectations and sending Okta stock up 8%.

Against analyst forecasts of $0.85 in adjusted earnings per share and $752 million in revenue, the results cleared both bars, per CNBC. Adjusted earnings per share landed at $0.91.

On a GAAP basis, the company earned $74 million, or $0.42 per diluted share, a step up from the $62 million, or $0.35 per........

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