Companies spending carefully, even on security: Okta CEO

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Todd Mckinnon News

Okta,Identity Categories,Identity Products

Yahoo Finance Executive Editor Brian Sozzi sits down with Okta (OKTA) co-founder and CEO Todd McKinnon at the Goldman Sachs Communicopia and Tech Conference ...

at the Goldman Sachs Communicopia and Tech Conference to discuss the importance of cybersecurity and how AI will revolutionize the company.

The tech sector has experienced significant volatility over the last month, and looking ahead to 2025, McKinnon says that Okta is"very focused on reigniting growth." He explains that the company will continue"doubling down on product innovation" after rolling out products like Identity Threat Protection with Okta AI. He adds,"The foundation of that acceleration is gonna be around products, and we're really excited about the product pipeline we're delivering.

I mean, it's almost an essential service in this environment where hacks or hackers are doing, God knows what beneath the surface.Well, the environment these companies are operating in their technology environment is very complex, especially if you're any any size company. A. I is definitely a firestorm in terms of innovation and people worrying about being disrupted and being excited about opportunities that they can take advantage of the same thing for Octa.It's called Octa a I, and we're incorporating that into all of our products, and we have new products that it makes possible, and customers are doing the same thing.

I think a lot of folks in your industry are still trying to figure out what happened with crowd strike.

 

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