Okta, Inc. (NASDAQ:OKTA) Q2 2024 Earnings Conference Call August 30, 2023 5:00 PM ET

Company Participants

Dave Gennarelli - Senior Vice President, Investor Relations

Todd McKinnon - Chief Executive Officer and Co-Founder

Brett Tighe - Chief Financial Officer

Conference Call Participants

Rob Owens - Piper Sandler

Ittai Kidron - Oppenheimer

Joe Gallo - Jefferies

Adam Tindle - Raymond James

Anushtha Mittal - RBC

Eric Heath - KeyBanc Capital Markets

Angie Song - Morgan Stanley

Stefan Schwarz - Wells Fargo

Shaul Eyal - TD Cowen

Bill Vandrick - Scotiabank

Ray McDonough - Guggenheim

Shrenik Kothari - Baird

Peter Weed - Bernstein

Madeline Brooks - BofA Securities

Brian Essex - JPMorgan

Dave Gennarelli

Hi, everybody. Welcome to Okta's Second Quarter Fiscal Year 2024 Earnings Webcast. I'm Dave Gennarelli, Senior Vice President of Investor Relations at Okta. With me in today's meeting, we have Todd McKinnon, our Chief Executive Officer and Co-Founder; and Brett Tighe, our Chief Financial Officer.

Today's meeting will include forward-looking statements pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook and market positioning. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results, performance, or achievements to be materially different from those expressed or implied by the forward-looking statements.

Forward-looking statements represent our Management's beliefs and assumptions only as of the date made. Information on factors that could affect our financial results is included in our filings with the SEC from time to time, including the section titled Risk Factors in our previously filed Form 10-Q.

In addition, during today's meeting, we will discuss non-GAAP financial measures. Though we may not state it explicitly during the meeting, all references to profitability are non-GAAP. These non-GAAP financial measures are in addition to and not a substitute for or superior to measures of financial performance prepared in accordance with GAAP. A reconciliation between GAAP and non-GAAP financial measures and a discussion of the limitations of using non-GAAP measures versus their closest GAAP equivalents is available in our earnings release. You can also find more detailed information in our supplemental financial materials, which include trended financial statements and key metrics, posted on our Investor Relations website.

In today's meeting, we will quote a number of numeric or growth changes as we discuss our financial performance, and unless otherwise noted, each such reference represents a year-over-year comparison.