Okta CEO Says AI Is Expanding Total Addressable Market -- Market Talk

Dow Jones

03/06

1323 ET - Okta Chief Executive Todd McKinnon tells CNBC that AI is expanding its total addressable market. The company is addressing demand from customers that need a way to keep track of the influx of AI agents they're using, McKinnon says. He is confident that Okta can keep the upper hand despite more software companies competing in Okta's market. "We're in a good position because we've spent 17 years figuring out what people can connect to," he says. "We can take that expertise and apply it to this new world." He notes that 30% of the company's bookings in the latest quarter were for its new products, which includes AI tools. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

March 05, 2026 13:23 ET (18:23 GMT)

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The company is addressing demand from customers that need a way to keep track of the influx of AI agents they're using, McKinnon says. He is confident that Okta can keep the upper hand despite more software companies competing in Okta's market. \"We're in a good position because we've spent 17 years figuring out what people can connect to,\" he says. \"We can take that expertise and apply it to this new world.\" He notes that 30% of the company's bookings in the latest quarter were for its new products, which includes AI tools. 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The company is addressing demand from customers that need a way to keep track of the influx of AI agents they're using, McKinnon says. He is confident that Okta can keep the upper hand despite more software companies competing in Okta's market. \"We're in a good position because we've spent 17 years figuring out what people can connect to,\" he says. \"We can take that expertise and apply it to this new world.\" He notes that 30% of the company's bookings in the latest quarter were for its new products, which includes AI tools. 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The company is addressing demand from customers that need a way to keep track of the influx of AI agents they're using, McKinnon says. He is confident that Okta can keep the upper hand despite more software companies competing in Okta's market. \"We're in a good position because we've spent 17 years figuring out what people can connect to,\" he says. \"We can take that expertise and apply it to this new world.\" He notes that 30% of the company's bookings in the latest quarter were for its new products, which includes AI tools. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4560":"网络安全概念","OKTX":"2倍做多OKTA ETF-Tradr","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","OKTG":"2倍做多OKTA ETF-Leverage Shares","OKTA":"Okta Inc.","TSS":"Total System Services","BK4116":"互联网服务与基础架构","BK4588":"碎股","BK4528":"SaaS概念","BK4585":"ETF&股票定投概念"},"translate_title":"Okta首席执行官表示人工智能正在扩大潜在市场总量——Market Talk","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OKTG":0.6,"OKTX":0.6,"TSS":1.5,"OKTA":0.9},"content_text":"1323 ET - Okta Chief Executive Todd McKinnon tells CNBC that AI is expanding its total addressable market. The company is addressing demand from customers that need a way to keep track of the influx of AI agents they're using, McKinnon says. He is confident that Okta can keep the upper hand despite more software companies competing in Okta's market. \"We're in a good position because we've spent 17 years figuring out what people can connect to,\" he says. \"We can take that expertise and apply it to this new world.\" He notes that 30% of the company's bookings in the latest quarter were for its new products, which includes AI tools. (katherine.hamilton@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 05, 2026 13:23 ET (18:23 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}