{"id":372,"date":"2026-05-28T22:57:38","date_gmt":"2026-05-28T21:57:38","guid":{"rendered":"http:\/\/newsdailyhub.site\/index.php\/2026\/05\/28\/okta-jumps-14-tops-first-quarter-results-on-agentic-ai-demand\/"},"modified":"2026-05-28T22:57:39","modified_gmt":"2026-05-28T21:57:39","slug":"okta-jumps-14-tops-first-quarter-results-on-agentic-ai-demand","status":"publish","type":"post","link":"https:\/\/newsdailyhub.site\/index.php\/2026\/05\/28\/okta-jumps-14-tops-first-quarter-results-on-agentic-ai-demand\/","title":{"rendered":"Okta jumps 14%, tops first-quarter results on agentic AI demand"},"content":{"rendered":"<div class=\"anp-pro-entry\">\n<p class=\"anp-pro-lead\">The topic <strong>Okta jumps 14%, tops first-quarter results on agentic AI demand<\/strong> is drawing steady attention: readers, analysts, and industry watchers are all tracking how the story may unfold in the days ahead.<\/p>\n<p class=\"anp-pro-p\">This is taking place in a fast-moving context \u2014 product cycles, platform shifts, and competitive moves can reshape the outlook quickly, so the details below are worth a careful read.<\/p>\n<p class=\"anp-pro-p\">What follows is a clear walkthrough of the main facts and angles you need to make sense of the news.<\/p>\n<p class=\"anp-pro-p\">Okta beat Wall Street&#8217;s fiscal first-quarter estimates after the bell on Thursday as demand for identity security tools spikes with the onslaught of agentic artificial intelligence.<\/p>\n<p class=\"anp-pro-p\">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.<\/p>\n<figure class=\"anp-pro-inline-figure\" style=\"margin:1.5em auto;text-align:center;max-width:min(100%,720px)\"><img decoding=\"async\" class=\"anp-pro-inline-img\" src=\"http:\/\/newsdailyhub.site\/wp-content\/uploads\/2026\/05\/108313477-17800015031780001500-46218994370-1080pnbcnews.jpg\" alt=\"\" style=\"display:block;margin:0 auto;max-width:100%;height:auto;object-fit:contain;object-position:center\" loading=\"lazy\"><\/figure>\n<p class=\"anp-pro-p\">CEO Todd McKinnon told CNBC that the agentic AI buildout is spiking demand for identity tools from Okta, but AI is not yet a majority of its revenues.<\/p>\n<p class=\"anp-pro-p\">&#8220;We&#8217;re playing a long game here,&#8221; he said. &#8220;It&#8217;s not billions of dollars of token spend right now, it&#8217;s plumbing for what&#8217;s going to be required for the next five and 10 years, so I feel like it&#8217;s less susceptible to euphoria.&#8221;<\/p>\n<p class=\"anp-pro-p\">Right now, McKinnon said customers are beginning to assess and plan ways to deploy AI at scale, which should benefit the business long-term.<\/p>\n<p class=\"anp-pro-p\">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&#8217;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.<\/p>\n<figure class=\"anp-pro-inline-figure\" style=\"margin:1.5em auto;text-align:center;max-width:min(100%,720px)\"><img decoding=\"async\" class=\"anp-pro-inline-img\" src=\"http:\/\/newsdailyhub.site\/wp-content\/uploads\/2026\/05\/108274322-17727295581772729555-44373795717-1080pnbcnews.jpg\" alt=\"\" style=\"display:block;margin:0 auto;max-width:100%;height:auto;object-fit:contain;object-position:center\" loading=\"lazy\"><\/figure>\n<p class=\"anp-pro-p\">Software is also facing a major reckoning as model makers launch tools capable of vibecoding apps and replacing the software as a service sector&#8217;s longstanding business models.<\/p>\n<p class=\"anp-pro-p\">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.<\/p>\n<p class=\"anp-pro-p\">Guidance for the current-quarter was roughly in-line with estimates. The company anticipates $790 million to $794 million, compared to $791 million expected.<\/p>\n<p class=\"anp-pro-p\">Remaining performance obligations, which measures subscription backlog, and current remaining performance obligations, or subscription backlog topped estimates.<\/p>\n<p class=\"anp-pro-p\">Get this delivered to your inbox, and more info about our products and services.<\/p>\n<p class=\"anp-pro-p\">Data is a real-time snapshot *Data is delayed at least 15 minutes.<br \/>\n      Global Business and Financial News, Stock Quotes, and Market Data<br \/>\n      and Analysis.<\/p>\n<aside class=\"anp-pro-aside\" aria-label=\"context\">\n<p class=\"anp-pro-kicker\">Why it matters<\/p>\n<p class=\"anp-pro-p\">Stories like this often nudge public expectations, shape how rivals respond, and can move sentiment faster than a single data point would suggest.<\/p>\n<p class=\"anp-pro-p\">When a major player makes a call, the rest of the field tends to answer \u2014 that is why the wider context here still matters, even as details continue to update.<\/p>\n<\/aside>\n<aside class=\"anp-pro-aside\" aria-label=\"outlook\">\n<p class=\"anp-pro-kicker\">What to look out for next<\/p>\n<p class=\"anp-pro-p\">The next chapters will come from follow-up reports, product changes, and how users and partners react in public channels.<\/p>\n<p class=\"anp-pro-p\">If you are following this space, it is worth checking back: clearer numbers, policy moves, and competitive reactions often arrive in waves rather than in one headline.<\/p>\n<\/aside>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The topic Okta jumps 14%, tops first-quarter results on agentic AI demand is drawing steady attention: readers, analysts, and industry watchers are all tracking how the story may unfold in the days ahead. This is taking place in a fast-moving context \u2014 product cycles, platform shifts, and competitive moves can reshape the outlook quickly, so [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":373,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[136,137,139,135,138],"class_list":["post-372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-agentic","tag-demand","tag-million","tag-okta","tag-tools"],"_links":{"self":[{"href":"https:\/\/newsdailyhub.site\/index.php\/wp-json\/wp\/v2\/posts\/372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsdailyhub.site\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsdailyhub.site\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/newsdailyhub.site\/index.php\/wp-json\/wp\/v2\/comments?post=372"}],"version-history":[{"count":1,"href":"https:\/\/newsdailyhub.site\/index.php\/wp-json\/wp\/v2\/posts\/372\/revisions"}],"predecessor-version":[{"id":376,"href":"https:\/\/newsdailyhub.site\/index.php\/wp-json\/wp\/v2\/posts\/372\/revisions\/376"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsdailyhub.site\/index.php\/wp-json\/wp\/v2\/media\/373"}],"wp:attachment":[{"href":"https:\/\/newsdailyhub.site\/index.php\/wp-json\/wp\/v2\/media?parent=372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsdailyhub.site\/index.php\/wp-json\/wp\/v2\/categories?post=372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsdailyhub.site\/index.php\/wp-json\/wp\/v2\/tags?post=372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}