Okta tops first-quarter results on agentic AI demand
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Okta beat Wall Street's fiscal first-quarter estimates after the bell on Thursday as demand for identity security tools spiked with the onslaught of agentic artificial intelligence. Shares rose 4%. Here's how the company did versus LSEG estimates: The identity security provider said revenue grew 11% from a year ago. Net income rose to $74 million, or 42 cents per share, from $62 million, or 35 cents per share, a year ago. CEO Todd McKinnon told CNBC that the agentic AI buildout is spiking
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