$OKTA 's Q2 report shows an increase:
• Delivered an EPS of $1.05 (vs. $0.97 expected) on revenue of $805M (vs. $793M expected).
• AI Momentum: The new "Okta for AI Agents" solutions gained massive traction, making up 30% of new bookings.
• Enterprise Growth: Large enterprise clients with over $1M in annual contract value jumped by 20%+, crossing the 600 mark.
• Debt Cleared: Fully repaid $350M in convertible notes with cash, entirely removing convertible debt from the balance sheet.
• Guidance Boost: Management raised full-year growth and margin forecasts due to a strong cRPO backlog
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