(Bloomberg) — Okta Inc. shares slipped after Chief Executive Officer Todd McKinnon said the company is being cautious in the midst of an economic downturn and lingering global pandemic.“We’re still being prudent about the rest of the year and the macroeconomic consequences ahead of us,” he said in an interview. “Headwinds to the business will be a little stronger in the second half.”The CEO noted that 11% of Okta’s customers have been negatively affected by Covid-19. Large enterprises have shown more demand than small and mid-sized companies, he added.Otka shares dropped about 5% in extended after closing at $218.44 in …read more
Source:: Yahoo Finance
