Competitive PressureOKTA continues to face increasing competitive pressure from MSFT, execution has been choppy over the past few years, and there is a lack of confidence in a sustainable fundamental turnaround.
Customer GrowthA more pronounced slowdown in market penetration is observed, with customers with ACV above $100k up 10% y/y but at about half the growth rate a year ago.
Revenue GrowthRevenue could decline from 13% growth this year to single digit growth next year.