$OKTA CEO Todd McKinnon says Claude's release of Enterprise Managed Auth marks a huge step forward, being the first AI agent compatible with their Cross App Access protocol, with Okta being the first identity provider to support it and 26 top SaaS vendors also supporting it from the resource side. 30% of new bookings this quarter came from new products, with Okta for AI Agents seeing dozens of deals including several million dollar plus deals, though he says it is still too small to show up in the numbers. He believes agent identity could in the fullness of time become the biggest category in cybersecurity.
"Yeah, we're really excited about the quarter. It was an amazing quarter on a lot of fronts. Specifically one of the highlights is our place in the ecosystem. Our place in the ecosystem is super important and super strategic. And it's not just me saying that. I think it's in all these customer conversations. I'm having many, many customer conversations and flying around meeting these customers that are trying to solve these security challenges in general in particular around AI agents and they see us as the natural, naturally well positioned to secure this agentic future. And so we're going after that on all fronts.
Okta for AI agents is the main product front there, but it's also short term. We can solve these problems in a lot of different ways. We can Help them roll out agents today. We can give them visibility. I think longer term is something we're working on as well. I think longer term the entire industry needs to work more, they need to work better together.
The industry right now in security, everyone's coming at the customer saying they have the only answer they can secure agents, they're going to be the one to do it. And the reality is it's going to take us all working together. And so Okta has been working on this, on these calls. The last five or six calls we've talked about standards and ecosystem and we made a huge step forward in terms of one of the main standards we've been working on, which is the standard we've talked about, called Cross App Access. And so the huge step forward this time is when the biggest AI agent in the world, Claude, is supporting Cross App Access.
They released Enterprise Managed Auth, which is the first time an AI agent has been compatible with this protocol. And Okta is the first identity provider to support this protocol. Now it's an open protocol, so we hope every identity technology company supports it and we hope every other AI agent supports it. And then also everyone in the resource side of the equation is starting to support it as well. We announced 26 top SaaS vendors are supporting, from a resource perspective, this protocol.
So this is one example of many things we're going to be doing in the ecosystem to make this whole world fit together better, because that's what customers need. We need to stop everyone confusing the customer by saying one company is going to do it all and start defining how we can all work together to bring concrete solutions to these customers. In terms of where the products stack up in the quarter we had, as I mentioned, the quarter was strong across almost every dimension. Particularly Strong was the 30% of the new bookings were from new products. Okta for AI Agents, inside of that bucket, there were dozens of deals in the quarter, including several million dollar plus deals, which is super exciting.
But the reality is it's still very early. We do thousands of transactions every quarter and as exciting as that is, Okta for AI Agents, it's still too small to show up in the numbers right now, but going forward, especially over the next couple years, we're super optimistic. We think this being the system of record for agents in the enterprise and being the system of record for agent identity, in the fullness of time, it could be the biggest category of cyber. That's how bullish we are on it. It's going to take us some time to get there. But I think we're off to a good start."
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