Okta pops 20% after topping estimates as AI threat spikes demand for identity security

Okta delivered fiscal second-quarter results that topped analyst expectations, driving a 20% increase in share value during extended trading. Revenue climbed 11% from the prior-year period to reach levels above consensus forecasts, while net income expanded significantly with earnings per share substantially outpacing Wall Street estimates.
The company attributed momentum to growing corporate demand for identity and access management solutions tied to emerging artificial intelligence threats. O