[BIG TECH]■ STORY TIMELINE

OKTA BEATS Q1 ESTIMATES AS AI DEMAND SURGES

Okta reported Q1 revenue of $765M, up 11% year-over-year and exceeding the $752M estimate. The identity security vendor attributed the outperformance to rising demand from companies building agentic AI systems.

4 SOURCESFIRST SEEN MAY 28, 10:25 PM► READ THE ARTICLE

Techmeme+0m

Okta reports Q1 revenue up 11% YoY to $765M, vs. $752M est., says the agentic AI build-out is spiking demand for its identity tools; OKTA jumps 7%+ after hours (Samantha Subin/CNBC)

Samantha Subin / CNBC: Okta reports Q1 revenue up 11% YoY to $765M, vs. $752M est., says the agentic AI build-out is spi…

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SentinelOne's stock closes down 8% after the company announced plans to lay off 8% of its workforce and forecasted Q2 and FY revenue guidance below estimates (Samantha Subin/CNBC)

Samantha Subin / CNBC: SentinelOne's stock closes down 8% after the company announced plans to lay off 8% of its workfor…

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Palo Alto Networks reports Q3 revenue up 31% YoY to $3B, including $388M from CyberArk and Chronosphere, vs. $2.94B est., and forecasts Q4 revenue above est. (Samantha Subin/CNBC)

Samantha Subin / CNBC: Palo Alto Networks reports Q3 revenue up 31% YoY to $3B, including $388M from CyberArk and Chrono…

Techmeme+5d 23h

CrowdStrike reports Q1 revenue up 26% YoY to $1.39B, vs. $1.36B est., and forecasts Q2 revenue of about $1.44B, vs. $1.43B est.; CRWD drops 9%+ after hours (Samantha Subin/CNBC)

Samantha Subin / CNBC: CrowdStrike reports Q1 revenue up 26% YoY to $1.39B, vs. $1.36B est., and forecasts Q2 revenue of…

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