Okta Inc. (NASDAQ:OKTA) on Wednesday posted upbeat second-quarter results.
Okta reported quarterly earnings of $1.05 per share, which beat the analyst consensus estimate of 97 cents, according to Benzinga Pro data. Quarterly revenue came in at $805 million, which beat the consensus estimate of $795.12 million and was up from $728 million in the same period last year.
"As AI agents transform every layer of technology, every agent needs a trusted identity and clear controls over what it can access and do," said Todd McKinnon, CEO of Okta.
Okta raised its fiscal 2027 adjusted EPS guidance to a new range of $3.90 to $3.94, versus the $3.84 analyst estimate, and raised its fiscal revenue outlook to $3.22 billion to $3.23 billion, versus the $3.2 billion estimate.
Okta shares jumped 19.9% to trade at $161.13 on Thursday.
