Okta Sees Great Opportunities in Machine Identities and AI Agents - Record Bookings in Q4 Exceeding $1 Billion for the First Time!

Okta serves an $80 billion market with identity security solutions and sees "enormous opportunities" through cloud usage, machine identities, and AI agents. Bookings in the last quarter exceeded $1 billion in contract value for the first time. The total contract value of the 25 largest deals amounts to over $320 million. 70% of the contracts, or 18 out of the 20 largest contracts, are influenced by partners. A milestone was reached with $1 billion in sales and an 80% revenue increase through the AWS Marketplace. The quarter accelerates...