Okta CEO Sees Big Opportunity in AI

Business Performance - The company had a solid third quarter [1] - The core business is profitable and growing at a nice clip [11] Market Opportunity & Strategy - The market is digesting the massive opportunity to secure AI, especially securing identity [2] - Companies are struggling to connect AI agents to their data securely and manageably [4][5] - The company offers a solution to connect AI agents to data securely, enabling governance and management [6] - The company differentiates itself by offering customers choice across different platforms, avoiding vendor lock-in [8][9] - The opportunity to secure AI could be bigger than the company's core business [12] Market Concerns & Future Outlook - The market is questioning whether the company's revenue growth will flatline to sub 10% [10] - The company sees a massive upside in securing AI, potentially larger than its core business [11][12] - Companies are exploring various approaches to adopt generative AI solutions, including using SaaS providers, building in-house, and hiring consultants [14][15]