纪要涉及的行业或者公司 涉及Okta和Auth0两家公司，行业为身份与访问管理行业 纪要提到的核心观点和论据 - **公司整合情况良好**：G&A能力整合进展顺利，全球14个办公室的整合处于较高级阶段；Auth0业务分布更全球化，50%业务在美国以外，与Okta形成互补 [5][7] - **产品差异与市场定位明确**：Okta核心业务是面向员工的身份与访问管理，即劳动力市场，收购前约占营收的70%，主要买家是企业的IT人员；Auth0业务主要是面向客户的身份与访问管理（CIAM），收购前约占其业务的95%，CIAM市场又分为消费者应用、B2B SaaS和外部协作三个子细分市场，Auth0将在消费者应用和B2B SaaS领域领先，Okta CIAM将在外部协作领域领先 [11][12][16][17][18][19] - **市场潜力巨大**：CIAM和劳动力市场规模均约为300亿美元，合并后的公司在这两个市场的渗透率为个位数，增长空间大；客户和市场对公司有信心，Auth0业务未减速，还因与Okta关联成为上市公司而受益，且Auth0首次在Gartner魔力象限中被评为领导者 [22][23] - **业务增长强劲**：核心Okta有39%的增长率、43%的RPO增长和47%的计算账单，Auth0的ACV增长了63%，合并公司调整后数据出色，Auth0加速了Okta的增长 [26] - **开发者基础与拓展计划**：全球约有15万名活跃开发者使用Auth0技术，但与2000万 - 3000万的潜在开发者总数相比仍有很大增长空间；计划在未来一年左右再增加10万名开发者，并持续以相同速度增长 [29][31] - **产品功能不断拓展**：在认证领域有生物识别、攻击保护等新功能；推出细粒度授权的开发者预览版，解决用户认证后的访问控制问题 [33][34] - **行业需求持续增长**：身份与安全是应用的基本构建块，所有应用和公司都有需求；应用数量以约30%的速度增长，公司在应用现代化用例方面业务重要；COVID推动了对基于微服务的面向消费者环境的需求，且这种需求不会因疫情结束而消失 [41][42][44][45][50] - **公司发展前景乐观**：公司有机会挖掘600亿美元的市场，且有进一步的相邻市场机会；Okta估值下降，目前处于14 - 15倍EBITDA销售，而公司增长超过30%，有机会扩大利润率和获得杠杆效应 [60][62] 其他重要但是可能被忽略的内容 - **公司应对远程工作模式的优势**：Auth0架构分布式的特点使其在疫情期间有优势，且公司因难以在西雅图或旧金山竞争人才而较早采用远程工作模式 [7][52][53] - **员工相关情况**：员工离职率高于2019年，但公司仍是有吸引力的雇主；存在工资通胀和全球竞争加剧的情况，一些公司采用远程工作模式获取人才的成本优势逐渐消失 [55][57]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________ FORM 10-Q _____________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 For the quarterly period ended October 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 For the transition period from to Commission File Number: 001-38044 _____________________________________ Okta, I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________ FORM 10-Q _____________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 For the quarterly period ended July 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 For the transition period from to Commission File Number: 001-38044 _____________________________________ Okta, Inc. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________ FORM 10-Q _____________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38044 _____________________________________ Okta, I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or Other Jurisdiction of Incorporation or Organization) San Francisco Delaware 100 First Street, Suite 600 26-4175727 (I.R.S. Employer Identification Number) For the fiscal year ended January 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ...

(Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________ FORM 10-Q _____________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38044 _____________________________________ Okta, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________ FORM 10-Q _____________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38044 _____________________________________ Okta, In ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2020 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________ FORM 10-Q _____________________________________ (Mark One) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38044 _____________________________________ Okta, I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38044 Okta, Inc. (Exact name of Registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________ FORM 10-Q _____________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38044 _____________________________________ Okta, ...