US Stocks Movement | Surge in AI Security Demand Drives Performance Beyond Expectations, Okta (OKTA.US) Shares Soar Nearly 23% After Earnings Report

Jitong Finance APP has learned that on Thursday, Okta (OKTA.US) opened significantly higher and, as of press time, was up nearly 23%. According to reports, OKTA released its second-quarter financial results: Q2 revenue was $805 million (+11%) and adjusted EPS was $1.05, both exceeding market expectations. Remaining Performance Obligations (RPO) reached $4.86 billion, up 17% year-over-year, reflecting the resilience of long-term subscription contracts. The company now expects full-year revenue in the range of $3.216 billion to $3.226 billion (raised for the second time this fiscal year). Driven by continuously rising demand for AI security among enterprises, Okta’s performance this quarter exceeded market expectations across the board, and the annual revenue forecast was raised for the second time this year. Market attention towards the AI cybersecurity sector is heating up rapidly.