Okta jumps 8%, tops first-quarter results on agentic AI demand

Okta, a company that provides identity security tools (software that verifies who users are and controls access to systems), reported strong earnings driven by increased demand from companies building agentic AI (AI systems that can independently perform tasks and make decisions). CEO Todd McKinnon emphasized that while agentic AI is boosting interest in Okta's security products, the company is preparing for long-term infrastructure needs rather than chasing short-term profits.