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Okta Earnings Beat and Raised Guidance Boost Results for AI Security Demand

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Okta reported $116 million net income, up from $67 million a year earlier, and increased remaining performance obligations 17% to $4.86 billion, topping analysts’ expectations. The company made its Okta for AI Agents tool available to all customers, with AI products driving 30% of bookings, including a multi-million-dollar healthcare contract. Full-year revenue guidance was raised to $3.22–$3.23 billion.

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