1816 ET - The public sector is continuing to drive results for Okta. CFO Brett Tighe says on a call with analysts that two of the identity and access-management company's three largest deals during the recent quarter were in the public sector, which he notes has been an area of strength over the last few years. "Clearly there is a lot going on in the U.S. federal vertical, and we are monitoring the developing situation closely," he says. "While we anticipate some near-term uncertainty in our federal business, we remain highly confident in the long-term public sector opportunity." Shares, which have gained 60% since the beginning of the year, fall 12% in after-hours trading. (connor.hart@wsj.com)
(END) Dow Jones Newswires
May 27, 2025 18:16 ET (22:16 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。