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)
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