Okta exceeded third-quarter expectations with adjusted earnings of 82 cents per share and revenue of $742 million, up from $665 million last year. Net income nearly tripled to $43 million. The company introduced AI agents for task automation, expecting significant growth potential. Fourth-quarter revenue forecast is $748-750 million. Subscription backlog rose to $4.29 billion. Shares are up 4% this year amid a booming cybersecurity market.

Read more at CNBC: Okta Q3 earnings report 2026