Okta raises forecast as CEO says economic conditions were ‘better than we thought'
1. Okta's Q2 earnings surpassed expectations, driving a 4% share rise. 2. Revenue reached $728 million, exceeding forecasts by over $16 million. 3. The company maintains a 106% net retention rate from existing customers. 4. Okta expects revenue growth driven by AI software management needs. 5. CEO affirms positive outlook despite government contract caution.