March 3, 2025 - 21:22
Cybersecurity firm Okta is wrapping up its reporting year on a positive note, showcasing a 13% increase in fourth-quarter sales compared to the previous year. This growth reflects a strong demand for cybersecurity services, an essential need in today’s digital landscape. The company's adjusted earnings surpassed analyst expectations by four cents per share, highlighting its robust financial performance.
Looking forward to 2025, Okta aims for double-digit percentage profit growth, even amidst economic challenges faced by small to medium-sized businesses. Co-founder and CEO Todd McKinnon, who established the company in 2009, emphasized the importance of innovation in identity management—a critical component of modern corporate technology infrastructures, especially as artificial intelligence continues to evolve.
McKinnon shared insights on his strategies for maintaining security in an AI-driven environment and discussed valuable leadership lessons he has learned throughout his 16-year tenure as CEO. With a market capitalization exceeding $15 billion, Okta is poised for continued success in the cybersecurity sector.
