Okta CFO Says Public Sector Will Continue Driving Growth -- Market Talk

Dow Jones

May 28, 2025

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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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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 27, 2025 18:16 ET (22:16 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Okta CFO Says Public Sector Will Continue Driving Growth -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOkta CFO Says Public Sector Will Continue Driving Growth -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-28 06:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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. 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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. 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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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 27, 2025 18:16 ET (22:16 GMT)\n\n\n  Copyright (c) 2025 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"}}}