| Mobile Web

Search results for Okta

AI & Enterprise

Security has no \'SaaSpocalypse\' as earnings surprises continue

A \"SaaSpocalypse\" scenario suggesting AI could erode or eliminate traditional software is still discussed in tech, but security appears relatively insulated. Many security companies are reporting results that beat expectations. Okta and CrowdStrike lifted annual outlooks after strong quarterly earnings, sending their shares higher in after-hours trading. In South Korea, a Ministry of Science and ICT project to develop a cyber security-focused AI foundation model is proceeding as a two-way race.

AI & Enterprise

Okta shares jump 15 percent after strong fiscal Q2 results, raises annual forecast

Okta shares rose 15 percent in after-hours trading after the identity security platform company reported fiscal second-quarter results that beat expectations and raised its full-year outlook. Revenue rose 11 percent to $728 million, while net profit increased to $116 million and earnings per share climbed to 65 cents. Okta expanded availability of its AI agent management and security tool and signed multiple AI-related deals.

AI & Enterprise

Nvidia-led Open Secure AI Alliance proposes response to AI security incidents

The Nvidia-led Open Secure AI Alliance has formed its first working group, SAFE, a week after its launch and released a proposal on responding to AI security incidents. TechCrunch reported that the alliance already has more than 120 participating companies. The proposal covers confidential incident reporting, notifying affected parties and post-incident analysis focused on learning rather than blame. Members are also listing open-source technologies for AI security and contributing tools and governance efforts.