Identity security platform company Okta's shares rose 15 percent in after-hours trading after it reported fiscal second-quarter results that beat expectations on Aug. 26 local time. Okta also raised its annual forecast.

Okta's second-quarter revenue was $728 million, up 11 percent from a year earlier. Net profit rose to $116 million from $67 million in the same period a year ago. Earnings per share rose to 65 cents from 37 cents.

Okta last quarter expanded availability of Okta for AI Agents, an AI agent management and security tool, to all customers. It signed dozens of AI-related contracts and also struck a multimillion-dollar deal with a healthcare company.

Companies are investing in more identity management tools to respond to the spread of agentic AI and an increase in cyber hacks led by agents. Chief Executive Todd McKinnon (토드 맥키넌) said the AI agent security market is still in an early stage and that incidents such as a recent OpenAI Hugging Face hack are increasing interest.

Okta also completed its acquisition of threat detection startup Permiso Security. The company said it will continue to make small acquisitions that complement its current product lineup.

Okta forecast full-year revenue of $3.22 billion to $3.23 billion. That is higher than the previous quarter's $3.19 billion to $3.21 billion and also above the market estimate of $3.2 billion.