Okta tops first-quarter results on agentic AI demand: CEO Todd McKinnon said Okta is “playing a long game” on AI and is allocating more resources to agentic too
Okta exceeded its first-quarter financial targets, driven by increased demand for its agentic AI tools. CEO Todd McKinnon emphasized the company's long-term strategy in artificial intelligence, indicating a significant increase in resource allocation towards developing these advanced AI capabilities. AI
IMPACT Okta's strong performance highlights growing enterprise adoption and demand for agentic AI solutions, signaling a key market trend.