In the AI era, another software stock has exceeded expectations.

On December 3rd, identity verification and access management service provider okta released its financial report, showing third-quarter revenue of 0.665 billion US dollars, a 14% year-on-year increase, exceeding analysts' expectations of 0.65 billion US dollars. Earnings per share were 67 cents, higher than the market's expectation of 58 cents.

Okta expects fourth-quarter revenue to be between 0.667 billion and 0.669 billion US dollars, with earnings per share of 73 to 74 cents, both surpassing analysts' expectations. In addition, Okta also forecasts revenue for the fiscal year 2026 to be between 2.77 billion and 2.78 billion US dollars, higher than analysts' expected 2.56 billion US dollars.

The company's CFO, Brett Tighe, stated that these figures are achievable while maintaining a moderately conservative approach.

As of the time of publication, $Okta (OKTA.US)$ Pre-market rose over 17%.

In the ai era, the importance of the identity market is becoming more prominent. Okta is committed to providing secure and convenient identity management solutions for enterprises and individuals, helping users achieve seamless access and efficient collaboration in a digital environment. As companies continue to introduce AI agents, Okta's products help manage the access security of these agents, avoiding risks caused by excessive permissions, such as security vulnerabilities caused by arbitrary password storage.

with$Microsoft (MSFT.US)$Unlike other companies, okta does not seek to be a one-stop shop supplier, but is dedicated to the comprehensive construction of identity management. The company's CEO, Todd McKinnon, emphasized: "We only want to build everything for identity management."

McKinnon expressed optimism about the company's potential in identity-related spending, especially with large customers, considering that okta's performance in the latest quarter was mainly driven by large enterprise customers.

Editor/Rocky