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Yahoo
14-07-2025
- Business
- Yahoo
Okta's Subscription Revenues Accelerate: Which Factors Are Driving it?
Okta's OKTA subscription business is booming, driven by strong customer demand and continued product innovation. In the first quarter of fiscal 2026, subscription revenues grew 12% year over year to $673 million, representing 98% of the company's total revenues. Backing this growth is a 21% year-over-year increase in remaining performance obligations (RPO), with current RPO (cRPO) up 14%, highlighting a solid pipeline of future subscription revenues already under strategic moves are fueling this momentum. Okta has expanded its identity platform with high-impact modules such as Identity Governance, Privileged Access and Device Access, broadening its relevance in zero-trust security environments. These new offerings accounted for 15% of new bookings in first-quarter fiscal Okta's sales organization has been restructured to better serve distinct customer segments, with separate teams focused on Workforce Identity and Customer Identity (Auth0). This targeted approach is translating into results, as the number of customers generating over $1 million in annual contract value (ACV) climbed 20% year over strong financial performance, with a 27% non-GAAP operating margin and 35% free cash flow, enables continued investment in product development and market entry initiatives. This positions its subscription business as a catalyst for sustainable growth. Microsoft MSFT continues to dominate enterprise IT with Entra ID's deep integration into Azure and Microsoft 365, offering seamless identity and access management. Microsoft's expanding data and AI portfolio, including PostgreSQL, Microsoft Fabric and Azure, fuels strong cloud adoption. With breakthroughs like its Majorana quantum chip, Microsoft is advancing future tech while sustaining robust growth, making it a cornerstone of scalable, secure, and innovative enterprise CRWD is strengthening its cybersecurity edge with AI-driven innovations and product expansion. Its Falcon platform now boasts 29 modules, including the new Falcon Data Protection tool, enhancing data loss prevention and compliance. These upgrades, alongside rising demand for threat protection, position CrowdStrike as a leader in identity security. CrowdStrike's sustained innovation and platform growth continue to attract customers seeking robust, all-in-one cybersecurity solutions. Shares of Okta have appreciated 16.2% year to date compared with the Zacks Security industry's return of 17%. Image Source: Zacks Investment Research Okta currently trades at a premium with a forward Price/Cash Flow ratio of 21.56, slightly higher than the broader Zacks Computer and Technology sector's 21.5X. OKTA has a Value Score of D. Image Source: Zacks Investment Research The Zacks Consensus Estimate for OKTA's second-quarter fiscal 2026 earnings is pegged at 84 cents per share, up by 5 cents over the past 60 days, indicating 16.67% year-over-year consensus mark for fiscal 2026 earnings is pegged at $3.28 per share, which increased 2.8% over the past 60 days. The earnings figure suggests 16.73% growth over the figure reported in fiscal 2025. Image Source: Zacks Investment Research OKTA currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Okta, Inc. (OKTA) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
01-07-2025
- Business
- Forbes
The Data Centers Powering AI Boom In Financial Services
Global power demand from data centers will increase 50% by 2027 because of the adoption of AI. Financial institutions are adopting AI at an increasing rate, a recent study by Goldman Sachs forecasts global power demand from data centers will increase 50% by 2027 and by as much as 165% by the end of the decade. To explore this in-depth, I met with Bill Borden, Corporate Vice President Worldwide Financial Services at Microsoft; John Kain, Head of Financial Services Market Development at AWS; and Toby Brown, Head of Global Financial Services Solutions at Google Cloud, for a discussion about the road ahead for the finance industry. Video: Bill Borden, Corporate Vice President, Worldwide Financial Services at Microsoft Unlocking AI Through Data Management "Financial services has always managed data robustly due to regulatory needs," Borden begins. "Clean, correct, and structured data is foundational for decision-making analytics and for integrating advanced AI tools like generative AI models." Microsoft's recent launch of Microsoft Fabric, a cloud-based data and analytics platform designed to consolidate and manage data across various environments, exemplifies this strategic emphasis. Google Cloud's Toby Brown amplifies this sentiment, noting historically that financial institutions have been "data-rich but insight-poor." Brown delineates between data "for offense", used to drive business growth, and "for defense", supporting risk management and regulatory compliance. According to Brown, Google Cloud provides a single data system that allows financial institutions like Citi and PayPal to integrate data traditionally siloed in spreadsheets and legacy systems into unified cloud-based platforms with AI models and generative AI tooling built directly in line to accelerate insights and decision-making processes. AWS's John Kain concurs, adding that "breaking down data silos within financial institutions is critical." He cites successful examples like BBVA, which has leveraged AWS to establish a comprehensive data-sharing framework. Similarly, Goldman Sachs and JPMorgan have commercialized their expertise in data aggregation and analysis, signaling a shift toward more collaborative and efficient data ecosystems. Video: John Kain, Head of Financial Services Market Development at AWS Shifts in AI Adoption AI and machine learning are already deeply embedded in financial operations, though the acceleration of generative AI tools has significantly transformed implementation approaches. Kain highlights how generative AI enables rapid deployment of sophisticated applications without extensive model training previously required, "Customers can now automate and innovate more quickly, significantly enhancing operational efficiency". Brown highlights real-world use cases, such as marketing personalization, and customer service improvements at Discover, where Google's Gemini assists over 10,000 agents by instantly accessing vast institutional knowledge, transforming service interactions into potential sales opportunities. Brown notes, "Banks finally have the ability to transform cost centers like contact centers into genuine revenue generators." Borden emphasizes developer productivity, citing GitHub Copilot, which has already demonstrated dramatic productivity gains at Citi, allowing thousands of developers to code more efficiently and securely. Video: Toby Brown, Head of Global Financial Services Solutions at Google Cloud Balancing Innovation and Regulation Despite these successes, AI deployment in financial services isn't without challenges. "The industry naturally prioritizes regulatory compliance," Kain observes. Regulatory frameworks for algorithmic transparency and risk management are already embedded, providing financial firms with a head start compared to other sectors. Brown emphasizes that risk management remains a crucial focus, noting banks often start with low-risk applications, utilizing Google Cloud's built-in security and compliance tools to mitigate potential risks. Borden also underscores the importance of collaborative engagements between technology providers and regulators, stressing the necessity of responsible AI frameworks to ensure secure, compliant deployments. Future Forward: AI's Potential Looking ahead, the trio forecast transformative developments in the next few years. Microsoft's Work Trend Index 2025 report, shows a dramatic rise in "digital labor," with AI-powered agents seamlessly collaborating with human teams. "Insights will be instantly available," says Borden, reshaping workflows and business processes significantly. Kain predicts a substantial evolution in "agentic generative AI," where sophisticated AI agents autonomously handle complex financial tasks, effectively replacing traditional API-driven systems. This will revolutionize how banks innovate, significantly accelerating application development and deployment. Brown expresses excitement about multimodal and agentic generative AI capabilities, predicting a fundamental shift in how financial advice is delivered. Rather than static, flat reports and charts, personalized financial guidance could soon be delivered interactively through diverse media like video or podcasts, enhancing customer engagement and financial literacy. Navigating Tomorrow's AI Landscape We concluded with a consensus on AI's expansive potential to reshape the financial sector profoundly. Institutions that successfully integrate robust data strategies, effectively balance innovation with regulatory compliance, and harness cutting-edge generative AI tools will position themselves as future industry leaders. In this evolving landscape, financial services companies must embrace change, leverage innovative AI tools responsibly, and prepare strategically for the transformative impacts ahead. As Brown aptly concludes, the future promises not only technological advancement but a meaningful shift toward enhanced customer experiences and deeper financial empowerment. More like this on Forbes, 3 No-Code AI Tools Changing How Financial Institutions Innovate and How Financial Services Can Tackle AI-Powered Fraud.
Yahoo
03-06-2025
- Business
- Yahoo
Konsolidator launches financial data warehouse - Built for finance, not IT
Press release no. 3-2025 Copenhagen, June 3, 2025 Konsolidator launches financial data warehouse - Built for finance, not ITToday, Konsolidator announces the launch of its financial data warehouse, designed specifically for CFOs and finance teams. Built to tackle the data overload facing finance departments, the solution delivers structured, reliable data for reporting without relying on internal IT resources. Part of the product pillar from the company's 2025–2027 'Resilient Growth' strategy, the data warehouse utilizes Konsolidator's core expertise in financial reporting. A new foundation for financial dataKonsolidator's financial data warehouse taps into Konsolidator's existing experience in financial reporting. The purpose of Konsolidator's financial data warehouse is to give finance professionals a clean, structured view of their data, ready for reporting and decision-making. Finance teams today face a clear problem: too much data, from too many systems, and no clear way to use it. ERP systems, CRMs, spreadsheets, and planning tools provide complexity instead of insight. 'It's no longer about access to data—it's about making sense of it. You need a solution built for finance, not developers,' says Lars Højer Paaske, Head of Product at Konsolidator. A solution for teams without the internal IT resources The financial data warehouse is designed for finance teams who want control over their data, without needing internal or external IT experts to build and maintain infrastructure. Fully integrated with Microsoft Fabric and Power BI, the solution enables advanced analytics, transaction-level transparency, and automated reporting workflows. Many companies lack the internal expertise to build or maintain a data warehouse. Konsolidator's hosted solution has built-in governance, security, and compliance—so finance teams can focus on insight, not infrastructure. 2025-2027 strategy: Broader product offerings The financial data warehouse is, together with the upcoming FP&A tool, part of Konsolidator's broader 'Build, Buy or Partner' approach. It is one of four strategic pillars of the Resilient Growth strategy and the first step in launching The Konsolidator Suite—our new platform approach that gives finance teams end-to-end control over their data, from consolidation to reporting, and fits into a more holistic view of finance digital ecosystems. We're building solutions that make CFOs better with reliable data, not just in the monthly reporting, but to feed into the overall strategy. 'This is the first step into something bigger,' says CEO Claus Finderup Grove. 'We're moving beyond 'just being a consolidation product' to become a central part of the entire finance department. We believe finance teams already have the right skills and data—they just need the right tools to use it.'Contacts CEO: Claus Finderup Grove, mobile +45 2095 2988, cfg@ CFO: Jack Skov, mobile +45 2282 8845, js@ About KonsolidatorKonsolidator A/S is a financial consolidation software company whose primary objective is to make Group CFOs around the world better through automated financial consolidation and reporting in the cloud. Created by CFOs and auditors and powered by innovative technology, Konsolidator removes the complexity of financial consolidation and enables the CFO to save time and gain actionable insights based on key performance data to become a vital part of strategic decision-making. Konsolidator was listed on the Nasdaq First North Growth Market Denmark in 2019. Ticker Code: KONSOL Attachment Press Release no. 3-2025 - DwH
Yahoo
03-06-2025
- Business
- Yahoo
Konsolidator launches financial data warehouse - Built for finance, not IT
Press release no. 3-2025 Copenhagen, June 3, 2025 Konsolidator launches financial data warehouse - Built for finance, not ITToday, Konsolidator announces the launch of its financial data warehouse, designed specifically for CFOs and finance teams. Built to tackle the data overload facing finance departments, the solution delivers structured, reliable data for reporting without relying on internal IT resources. Part of the product pillar from the company's 2025–2027 'Resilient Growth' strategy, the data warehouse utilizes Konsolidator's core expertise in financial reporting. A new foundation for financial dataKonsolidator's financial data warehouse taps into Konsolidator's existing experience in financial reporting. The purpose of Konsolidator's financial data warehouse is to give finance professionals a clean, structured view of their data, ready for reporting and decision-making. Finance teams today face a clear problem: too much data, from too many systems, and no clear way to use it. ERP systems, CRMs, spreadsheets, and planning tools provide complexity instead of insight. 'It's no longer about access to data—it's about making sense of it. You need a solution built for finance, not developers,' says Lars Højer Paaske, Head of Product at Konsolidator. A solution for teams without the internal IT resources The financial data warehouse is designed for finance teams who want control over their data, without needing internal or external IT experts to build and maintain infrastructure. Fully integrated with Microsoft Fabric and Power BI, the solution enables advanced analytics, transaction-level transparency, and automated reporting workflows. Many companies lack the internal expertise to build or maintain a data warehouse. Konsolidator's hosted solution has built-in governance, security, and compliance—so finance teams can focus on insight, not infrastructure. 2025-2027 strategy: Broader product offerings The financial data warehouse is, together with the upcoming FP&A tool, part of Konsolidator's broader 'Build, Buy or Partner' approach. It is one of four strategic pillars of the Resilient Growth strategy and the first step in launching The Konsolidator Suite—our new platform approach that gives finance teams end-to-end control over their data, from consolidation to reporting, and fits into a more holistic view of finance digital ecosystems. We're building solutions that make CFOs better with reliable data, not just in the monthly reporting, but to feed into the overall strategy. 'This is the first step into something bigger,' says CEO Claus Finderup Grove. 'We're moving beyond 'just being a consolidation product' to become a central part of the entire finance department. We believe finance teams already have the right skills and data—they just need the right tools to use it.'Contacts CEO: Claus Finderup Grove, mobile +45 2095 2988, cfg@ CFO: Jack Skov, mobile +45 2282 8845, js@ About KonsolidatorKonsolidator A/S is a financial consolidation software company whose primary objective is to make Group CFOs around the world better through automated financial consolidation and reporting in the cloud. Created by CFOs and auditors and powered by innovative technology, Konsolidator removes the complexity of financial consolidation and enables the CFO to save time and gain actionable insights based on key performance data to become a vital part of strategic decision-making. Konsolidator was listed on the Nasdaq First North Growth Market Denmark in 2019. Ticker Code: KONSOL Attachment Press Release no. 3-2025 - DwHMelden Sie sich an, um Ihr Portfolio aufzurufen.
Techday NZ
21-05-2025
- Business
- Techday NZ
Celonis, Uniper & Microsoft drive AI-powered energy overhaul
Celonis has entered into a collaboration with Uniper and Microsoft aimed at supporting digital transformation and process excellence within the energy sector. The arrangement will support Uniper in achieving greater transparency in its business processes and facilitate AI-driven automation and end-to-end process orchestration across the company. Leveraging Microsoft Copilot Studio and Power Automate, in conjunction with Celonis Process Intelligence, Uniper intends to implement artificial intelligence solutions company-wide, enabling the adoption of new technology-driven processes for broader operational gains. Damian Bunyan, Chief Information Officer at Uniper, commented, "The energy industry is facing major challenges, and we want to be a pioneer in digital transformation. The powerful combination of Microsoft's AI technologies with Celonis' process intelligence lets us identify value-driving AI use cases, intelligently automate workflows, and track performance gains. Thanks to this strategic collaboration, we can optimise our operations, empower our employees, and deliver greater value to our customers." Bastian Nominacher, co-founder and co-CEO of Celonis, stated, "AI is only as effective as the data and context it feeds on. Celonis provides the process data and business context that gives AI the understanding it needs to drive meaningful business transformation and real value. Together with Microsoft, we're enabling Uniper to drive tangible results." Celonis will deliver its system-agnostic process intelligence platform as part of the collaboration. This platform creates a process-centric data foundation, which is key for developing agents using AI platforms such as Microsoft Copilot Studio and is now integrated with Microsoft Fabric to enhance interoperability and data availability. Microsoft will contribute its AI technology and its ability to scale AI deployment rapidly, supported by its productivity suite that includes Microsoft Teams, Microsoft Power BI, and Power Automate. Uniper has been recognised as an early adopter, applying the joint capabilities of Celonis and Microsoft in real-world, high-impact AI use cases with results intended to act as an example within the global energy industry. Charles Lamanna, Corporate Vice President for Business and Industry Copilot at Microsoft, said, "The next generation of AI requires deep reasoning grounded in enterprise data and business processes. By combining Celonis Process Intelligence with Microsoft Copilot Studio and Microsoft AI, we are enabling companies to build intelligent solutions that deeply understand and optimise business operations. Uniper is a great example of how this powerful combination can accelerate transformation, unlock significant value, and help companies lead their industries forward." Uniper's involvement with Celonis began five years ago, focusing on operational excellence within its global energy operations. To date, Uniper has deployed Celonis across 27 business processes, connecting to eight source systems, and involving over 350 active users throughout the company. Reported operational improvements from Uniper's use of Celonis technology cover areas such as plant maintenance, human resources, hydro power operations, IT service management, energy sales and technology, financial services, and internal audit. Among key achievements, Uniper has optimised its plant maintenance processes to ensure workplace safety and compliance, thereby reducing risk and supplier waiting times. Within HR, Uniper has improved the recruiting process for managers by reducing the time to hire and optimised the candidate experience through the deployment of automated notifications. Business reporting in the hydro power segment was made more timely, decreasing operational costs and improving supplier steering. IT service management was enhanced to allow more efficient supplier steering and faster incident response. In energy sales and technology operations, Uniper shortened proposal management cycles, while automating daily and timely reporting in financial services and optimising opportunities for cash discounts. Meanwhile, the internal audit department benefited from support for its "Trusted Advisor" and data-driven eAudit approach.
