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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.