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Core News Facts
Microsoft (NASDAQ: MSFT) is targeting “human-led, agent-operated” enterprises by enhancing its AI portfolio, which includes a robust technology stack and the AI assistant Copilot with 100 million monthly active users and adoption in nearly 70% of Fortune 500 companies. This development signifies a strategic move to capitalize on a growing AI market.
Okta (NASDAQ: OKTA) reported a 13% year-over-year revenue increase to $728 million, with subscription revenue at $711 million for Q2 FY2026. The company’s non-GAAP net income rose 29% to $169 million, supported by a $4.15 billion subscription backlog and a free cash flow of $162 million, showcasing its strong financial position.
Okta’s identity security solutions are gaining traction, particularly within the U.S. public sector, highlighting their appeal across diverse verticals and solidifying the company’s role in managing identity security for both human and nonhuman entities.
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