Okta, Inc.

Hi, everybody. Welcome to Okta's second quarter of fiscal year 2022 earnings webcast. I'm Dave Gennarelli, Vice President of Investor Relations at Okta. With me in today's meeting, we have Todd McKinnon, our Chief Executive Officer and Co-Founder, Brett Tai, our Interim Chief Financial Officer, and Frederick Karest, our Executive Vice Chairman, Chief Operating Officer and Co-Founder. 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 position. 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 the company's 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'll discuss non-GAAP financial measures. 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-on-year comparison. And now I'd like to turn the meeting over to Todd McKinnon. Todd?

Thanks, Dave. And thank you, everyone, for joining us this afternoon. Our strong second quarter results were driven by continued performance across Okta's standalone business, as well as from Auth0. As a quick reminder, the transaction closed on May 3rd, so it's still very early days as a combined company. Nevertheless, with each passing day, our enthusiasm grows for the combined company and for how we are aggressively pursuing the $80 billion identity market opportunity. As the world continues to work through the ongoing pandemic, organizations have had to maintain fluid plans for returning to offices. Regardless of the timeline, it's clear that most organizations are adopting plans that include more remote access. Organizations also realize that their interactions with customers will continue to shift more online and need to accelerate their digital transformation business plans. These factors, combined with the ever-evolving security threat landscape, mean that the demand for Okta's modern identity solutions has never been greater. I'll start with a quick recap of our Q2 financial results and then get into some of the other notable highlights from the quarter. I know this audience is looking for more information regarding Auth0's contribution to our results, so this quarter we'll be sharing a number of Okta standalone and Auth0 metrics on a one-time basis. With these, you'll be able to see that both businesses delivered great Q2 results and better understand the combined company going forward.

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