Okta tops first-quarter results on agentic AI demand
Okta has reported strong first-quarter results, driven by increasing demand for agentic AI tools. The company is focusing on enhancing security measures as concerns about cyber threats grow alongside the rise of AI agents. Guidance for the current quarter aligns with market expectations, indicating stable performance.
- ▪Okta's first-quarter results exceeded expectations due to demand for AI security tools.
- ▪Concerns about cyber threats from AI agents are prompting companies to invest in verification tools.
- ▪Okta's guidance for the current quarter is between $790 million and $794 million, consistent with estimates.
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The proliferation of AI agents is drawing attention to tools that can help verify agents and secure companies from cyber threats. In recent weeks, Anthropic's Mythos model, which the company delayed fully rolling out to public due to concerns that hackers could use it to exploit software vulnerabilities, is intensifying these fears. Software is also facing a major reckoning as model makers launch tools capable of vibecoding apps and replacing the software as a service sector's longstanding business models. McKinnon said Okta is allocating more resources to tools like Okta for AI agents and Net-zero for AI agents as companies adopt agentic AI and demand more security defenses. Guidance for the current-quarter was roughly in-line with estimates.
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