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Test Code : 1Z0-450
Test name : Oracle Application Express 3.2-(R) Developing Web Applications
Vendor name : Oracle
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Oracle Oracle Application Express 3.2-(R)

Oracle(R) application specific liberate 4.2 Now obtainable | killexams.com true Questions and Pass4sure dumps

REDWOOD SHORES, CA--(Marketwire - Oct 15, 2012) - Oracle ( NASDAQ : ORCL )

news statistics

  • To enhance the productiveness of establishing database-centric, HTML5 applications for laptop and now, cell structures, Oracle these days introduced the availability of Oracle® software express free up four.2.
  • This recent Oracle application categorical free up is focused on enabling developers to rapidly construct declarative solutions that may hasten on any cellular platform.
  • Oracle software categorical is a no-cost option covered with complete variants and present releases of Oracle Database.
  • Oracle utility express unlock 4.2 is attainable for download from the Oracle expertise network (OTN).
  • Oracle software categorical 4.2 Enhancements and recent points

  • mobile functions: gives the capacity to build your Oracle application express software as soon as, after which when accessed hold it automatically render an acceptable consumer interface.
  • cellular themes and Templates: Leverages jQuery cell to enable the cell issues to characteristic on complete fundamental cellular structures without necessity for change. comprises facets such as web page transitions and HTML5 item kinds. 
  • HTML5 Charts: includes HTML5 charting which allows for charts to display on instruments that don't lead Flash.
  • HTML5 merchandise forms: allows you to specify item types for quantity, email, telephone and URL which drastically multiply the user event when getting into statistics on HTML5 mindful cell gadgets.
  • Packaged applications: Introduces a set of productiveness functions to permit users to instantly birth utilizing their database investment. The potential to free up these functions additionally enables builders to customize and study highest attribute practices.
  • Overview of Oracle software express 4.2

  • software express is a SQL-centric pile instrument that makes it feasible for developers to construct functions leveraging their SQL and PL/SQL talents.
  • the disburse of handiest an internet browser, builders can unexpectedly construct and deploy knowledgeable and scalable applications for Oracle Databases which are each speedy and comfy with Oracle application categorical.
  • The declarative construction framework of Oracle software specific utilizes wizards and property sheets to declaratively build and hold purposes. This assistance is kept in and referenced from a meta-statistics repository, alleviating the necessity for compilation or code generation.
  • helping fees

    "One censorious intention for us over this yr is the deserve to assist assorted systems and instruments including Macs, iPads and iPhones," spoke of Sayee Natarajan, director, earnings and marketing techniques, Purdue Pharma. "utility categorical four.2 will permit us to multiply an utility as soon as and deploy it to complete these instruments with the aid of incorporating 'Responsive Design' in the templates that automatically scale from the largest screens to the iPad in panorama mode. application specific achieves complete this the disburse of business criterion responsive grids, cellular libraries and charting tools that drudgery on the entire systems."

    "We at the Brunswick Boat group are very enthusiastic about software specific four.2. Our exceptional ply application (QCIS) was written in software specific to exchange a application kit costing $60,000 a 12 months," talked about Tony Bowers, Senior programs Analyst, Brunswick Boat group. "due to the fact providing their application express application they hold got rave experiences for its practical richness together with the disburse of photo maps. The most effectual grievance is that their users presently hold to drudgery off Toughbooks. software express 4.2 will enable us to bring QCIS on iPads which might exist far easier and more productive for their users, chiefly as they could utilize aspects corresponding to contact and tap."

    "With software categorical 4.2 developers can now without problems create applications that contain Responsive internet Design or jQuery cellular to provide most desirable viewing undergo on complete devices," spoke of Mike Hichwa, vice chairman Database tools, Oracle. "an additional key feature being brought are the Packaged applications which give out-of-the-field factor options. The primary advantages of these encompass straight obtainable productiveness purposes, the means to release and personalize the solutions offered, and to exist taught most desirable practices."

    aiding materials

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    About Oracle Oracle ( NASDAQ : ORCL ) is the world's most comprehensive, open, and built-in enterprise utility and hardware programs enterprise. For greater guidance about Oracle, consult with oracle.com.

    emblems Oracle and Java are registered emblems of Oracle supplier and/or its associates. other names can exist trademarks of their respective house owners.


    Oracle announces current Availability of Oracle software specific unlock 3.2 | killexams.com true Questions and Pass4sure dumps

    Mar 4, 2009

    Oracle has announced widely wide-spread availability of the latest unlock of Oracle software categorical, a free, rapid net software construction device for Oracle Databases. liberate 3.2 of Oracle software express introduces the Oracle types Conversion, a significant recent role to abet developers metamorphose Oracle types-based mostly functions into HTML applications operating inside an Oracle Database. software express unlock 3.2 additionally introduces many protection enhancements.

    Oracle kinds Conversion automatically converts most user interface add-ons and gives monitoring capabilities to plot for and display screen the manual implementation of enterprise safe judgment publish-generation. as soon as Oracle kinds source data are converted into XML, they are loaded into an Oracle application express conversion assignment. developers can then specify which person interface components to generate, annotate complete accessories, and capitulate an preliminary design.

    converting Oracle kinds-primarily based purposes to Oracle application specific allows developers to buy odds of Oracle application specific's HTML templating capabilities, declarative shimmer charting, and internet 2.0 vogue interactive reporting add-ons; buy abilities of Oracle utility specific's rapid construction capabilities for short modification or enhancement of applications; and, slash developer re-practising necessities as each Oracle software express and Oracle forms utilize SQL and PL/SQL.

    utility conversion is hardly a simple assignment, but with the recent unlock, the conversion of Oracle types functions to aboriginal HTML is simplified and structured. "it is complicated to metamorphose from one technology to one other, so they hold simplified that with utility specific 3.2 by artery of providing an automated device that may automate allotment of the assignment, after which assist you on the lead conversion assignment," Mike Hichwa, vp of software building, Oracle, tells 5 Minute Briefing. in response to Hichwa, changing from Oracle varieties is a venture the site best one of the present functionality will also exist automatically generated. subsequently, he notes, a circumstantial monitoring system in utility express three.2 offers capabilities to aid with project management.

    The other foremost intention with this unlock became to supply capabilities to create it less demanding for developers and directors to acclimate the safety of their functions and the pile atmosphere. With this release of application categorical, Hichwa notes, Oracle has establish gigantic exertion into offering key safety functionality out of the field. protection enhancements in three.2 encompass declarative authentication timeouts by artery of session size and idle time; reduced privilege of Oracle software categorical schema; declarative session situation encryption; and, improved documentation on the artery to create the most of the protection facets.

    Oracle application categorical supports pre-built purposes obtainable for download from the Oracle technology community (OTN). These free, thoroughly practical Oracle application express applications corresponding to Asset manager, consumer Tracker, and Timesheets, can exist personalized, deployed and shared within an organization enabling builders to jumpstart essential web utility construction efforts. Oracle software express is integrated with complete variations of Oracle Database 11g.

    the recent liberate is attainable for down load from the Oracle technology network.


    Oracle company (ORCL) CEO Safra Catz And designate Hurd On Q1 2019 outcomes - profits summon Transcript | killexams.com true Questions and Pass4sure dumps

    No outcomes discovered, are attempting recent key phrase!in terms of ecosystems, GAAP functions total revenues had been $ ... I’ll speak a bit bit about an organization called Federal express. FedEx is -- within the FedEx facet of the residence, a traditional Oracle consumer ...

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    AI and ML latest news: NewRelic acquires startup SignifAI to bring 'applied intelligence' to DevOps | killexams.com true questions and Pass4sure dumps

    NewRelic, the cloud-based application analytics firm, has added machine learning to its armoury in the shape of SignifAI, an Israeli-US startup focused on event intelligence - or sorting signal from clamor in the fast-moving bailiwick of DevOps.

    SignifAI, according to its white paper, is a 'SaaS-based correlation engine that leverages AI and machine learning to crash down the data silos establish in complicated enterprise IT environments.'

    It integrates via APIs to around 60 commonly used monitoring and collaboration tools including Splunk, AppDynamics, Slack, AWS, Nagios - and NewRelic itself - and promises to abet developers identify the root antecedent of errors by sifting through events, logs, time-series data and infrastructure alerts, ranking and outputting the most probable causes to a user console or through the monitoring tool. Users can also train the model to better the accuracy of the correlations.

    AIOps is a relatively recent addition to the blizzard of AI and DevOps-related phrases. It refers to the disburse of machine learning to analyse data collected from various IT operations tools and devices in order to spot and react to issues in true time.

    In the company's blog, NewRelic's chief product officer Jim Gochee comes down in favour of  the term ‘applied intelligence' to characterize the application of machine learning to the software development process.

    "We decided to disburse the term 'Applied Intelligence' to characterize their philosophy and approach to bringing artificial intelligence (AI) / machine learning (ML) to their space. They chose 'Applied Intelligence' to remind ourselves to continuously reflect on the individual words and their meanings, with the goal of keeping us on track to deliver truly meaningful customer value with their AI efforts," he writes.

    04/02/2019 Heathrow trials AI system for landing planes in snide weather

    In snide weather, visibility from Heathrow's 87-metre tall control tower can exist drastically reduced as low clouds obscure the views of the runways below.

    When this happens, air traffic controllers necessity to rely on radar to ensure that a plane that has just landed has cleared the runway, and a margin of oversight must exist built in for safety. This causes delays and backlogs and a 20 per cent loss of landing capacity, according to Airport World.

    This is an belt where AI - together with ultra HD 4K cameras - can help, believes air traffic control service NATS. The organisation has begun a ordeal using 20 such cameras installed in the tower together with a machine learning system called Aimee which has been developed by Canadian vendor Searidge Technologies. A similar ordeal is underway at Singapore's Changi Airport.

    Once trained, Aimee should exist able to track the aircraft from the time they land until they are pellucid of the runway, even when the cameras' images are difficult to interpret by the human eye. It will then alert the air traffic controller who will create the final determination on whether to pellucid the next arriving flight for landing. As such, Aimee is very much an aid to human determination making rather than being an autonomous control system. 

    The behaviour of 50,000 arriving aircraft will exist studied over the next 12 months to survey how the system responds to real-world situations.

    AI is likely to play an increasingly principal role in the management of air traffic in the future, including for Heathrow's planned third runway, said Heathrow's operations director, Kathryn Leahy.

    "We'll exist keeping a proximate eye on this trial, as the technology could hold a major role as they prepare for the expanded airport. They will watch how AI and digital towers could exist used to monitor complete three of the expanded airport's runways in future," she said.

    The results of the ordeal will exist presented to exist presented to the UK Civil Aviation Authority next March.

    28/01/2019 Amazon open-sources its SageMaker Neo machine learning optimisation software

    Raspberry Pi Zero

    Amazon has open-sourced SageMaker Neo, its software for training machine learning models and optimising the artery they hasten on different types of devices.

    SageMaker Neo is designed to ensure that ML models hasten as efficiently as feasible on a variety of machines and environments. Unlike the training stage, in which models are generally honed on high-powered machines, for the inference stage, where the model makes predictions based on recent data, it may exist running on much lowlier devices.

    The environment can hold a astronomical consequence on the amount of time it takes for a model to infer a result and on the number of such calculations that can exist hasten in parallel. On edge devices in the IoT - a solitary board computer enjoy a Raspberry Pi for specimen - latency and limited concurrency can exist strict impediments. ML models are far from device-agnostic.

    Most devices can exist optimised to hurry up the inference process, but this generally involves a objective bit of manual tinkering and ordeal and error. The original SageMaker was a model training framework, but SageMaker Neo, introduced last November, combines that with an optimisation stage, taking the fully trained model and generating an executable that's specific to the target device - exist that a GPU or a Pi.

    "Amazon SageMaker Neo automatically optimises machine learning models to perform at up to twice the hurry with no loss in accuracy. You start with a machine learning model built using MXNet, TensorFlow, PyTorch, or XGBoost and trained using Amazon SageMaker. Then you elect your target hardware platform from Intel, Nvidia, or Arm. With a solitary click, SageMaker Neo will then compile the trained model into an executable," the company says on its website, adding that the compiler uses neural networking techniques to analyse the target platform so that optimisations can exist applied.

    The Neo-AI project is available on Github under the Apache Software License, allowing developers to tailor the code to suit their own needs.

    Other cloud firms, including Microsoft and Google, are also working on applying AI to the ‘intelligent edge'.

    07/01/2019 Huawei announces 'highest performance ARM-based CPU' aimed at AI workloads

    Huawei has announced what it claims is the world's best performing ARM-based processor.

    Unveiled on Sunday, the Kunpeng 920 is purpose-built for AI workloads that involve processing big volumes of data utilising distributed storage.

    In SPECint benchmarking tests, the Kunpeng 920 scored more than 930, or almost 25 per cent higher than the industry benchmark, while using 30 per cent less power than competitors, Huawei claims.

    The Huawei-designed processor is manufactured on a 7-nanometer process based on the ARM architecture. It has 64 cores with clock hurry 2.6GHz and 8-channel DDR4 memory.

    The enhanced performance is primarily due to optimised fork prediction algorithms and an increased number of OP units, along with an improved recollection subsystem architecture, according to the firm.

    "Today, with Kunpeng 920, they are entering an era of diversified computing embodied by multiple cores and heterogeneity. Huawei has invested patiently and intensively in computing innovation to continuously create breakthroughs. They will drudgery with their customers and partners to build a fully connected, brilliant world," said William Xu, Huawei's chief strategy marketing officer.

    Huawei also announced three recent servers in its TaiShan purview that will exist powered by Kunpeng 920 processors. These are aimed at corporate data centres for astronomical data tasks requiring tall concurrency and low power consumption.

    The Kunpeng 920 announcement follows warm on the heels of the AI-focused Ascend AI IP and chip chain unveiled in October (see earlier in this blog).

    With its accent on in-house design, Huawei is becoming less reliant on non-Chinese chipset suppliers such as Intel, Qualcomm, AMD and Nvidia.

    The company has been enmeshed in controversy in recent months, with a number of countries banning its products in their networking infrastructure, claiming they are a security risk.

    The company has proximate connections to the Chinese government whose ‘Made in China 2025' strategy targets ten advanced technology areas including AI, robotics, renewable energy and biotechnology. The US has claimed this strategy is a "real existential threat to US technological leadership".

    02/01/2019 Researchers disburse machine learning to diagnose dyslexia

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    A pair of researchers hold achieved promising results from a machine learning study of dyslexia among school children, diagnosing the condition successfully in 80 per cent of cases without any human intervention

    Alex Frid and Larry Manevitz from the University of Haifa, Israel, ran a chain of tests on 32 school children, 17 of whom had previously been diaganosed with dyslexia. The children performed a Lexical determination task (LDT) in which they were asked to arbiter whether strings of letters appearing on a screen were meaningful or not.

    During this task, the eye movements of subjects were monitored and at the very time electrical activity in different areas of the brain was recorded using electrodes placed on the scalp.

    After a preprocessing stage, the researchers used the ReleifF to extract meaningful features from the results in an attempt to classify the results. Many valuable features were in fact discovered in areas of the signal traditionally considered as noise.

    By training their ML algorithm using the 60 ‘best' features extracted from the results, the researchers were able to diagnose dyslexia with a 79 per cent success rate; using just the ten best features, a success rate of 70 per cent was quiet achieved.

    However, the goal was not just to disburse ML for diagnosis.

    One theory of the antecedent of dyslexia, which affects an estimated ten per cent of the population, is that the different parts of the brain involved in decoding written texts operate asynchronously, so signals can arrive in the wrong order. The greater the asynchrony, the more difficult reading will exist for the subject.

    The greatest incompatibility between the dyslexic and other readers was observed in activity in the left hemisphere of the brain, particularly the left temporal node which has long been thought to exist principal in the process of interpreting the written word.

    The paper is published by arxiv.org

    19/12/2018 EU expert group draws up draft AI ethics guidlines, seeks feedback

    The European Commission's High-Level Expert Group on artificial Intelligence (AI HLEG) has released draft ethics guidelines on trustworthy AI. The 37-page document covers proposals to ensure AI is always human-centric and deployed with "an ethical purpose ground in". It includes discussions around limiting warp and maximising inclusiveness, as well as ensuring that AI is robust in design and implementation so that it does not antecedent unintentional harm.

    AI HLEG boils down the core requirements for trustworthy AI into ten broad areas: Accountability; Data governance; Design for all; Governance of AI autonomy (human oversight); Non-discrimination; Respect for (and enhancement of) human autonomy; Respect for privacy; Robustness; Safety; and Transparency.

    It looks at each of these topics from technical and non-technical standpoints with a view to creating guidance on how each might exist ensured.

    "Trustworthy AI has two components: (1) it should respect fundamental rights, applicable regulation, and core principles,ensuring 'ethical purpose'; and (2) it should exist technically robust and reliable," the report notes in its conclusion.

    "However, even with the best of intentions, the disburse of AI can result in unintentional harm. Therefore ... AI HLEG has developed a framework to actually implement Trustworthy AI, offering concrete guidance on its achievement."

    The group is seeking feedback on its draft proposals before 18 January. In March a final version will exist presented to the Commission.

    10/12/2018 Pharma giant Merck in deal to disburse AI for drug discovery

    The disburse of AI in drug discovery - identifying promising molecules and testing their suitability using models rather than patients - has been a focus of the pharmaceutical industry for some time. Typically drugs require years (and a huge amount of money) to trot from the lab into production.

    In the latest move, pharmaceutical giant Merck is to licence an AI-based drug screening platform from Canadian biotechnology firm Cyclica as allotment of a year-long trial.

    Cyclica's Ligand Express is a drug screening instrument which Cyclica says is a "cloud-based platform that screens small-molecule drugs against repositories of structurally-characterized proteins or ‘proteomes' to determine polypharmacological profiles."

    By understanding how a small-molecule drug will interact with complete proteins in the body, scientists can prioritise candidate molecules for drugs, understanding feasible side effects, and identify genetic variations which might affect the binding of the proposed drug to the target protein. Another disburse is investigating recent uses for existing drugs.

    Small-molecule drugs typically target specific proteins associated with disease, but once in the body they may bind to other proteins too, and the side effects are hard to foretell in the lab, leading to lengthy R&D and ordeal procedures. But AI-based techniques can abet build a full picture of the likely interactions of a particular molecule.

    Friedrich Rippmann, Computational Chemistry & Biology director at Merck said the goal is to identify promising molecules and test them as quickly as possible.

    "Assessing recent technologies is central to how they will advance their discovery programmes, and artificial intelligence applications enjoy Ligand Express will provide principal insights to enhance how they reflect about target identification to support phenotypic screening and off-target profiling in general," Rippman said.

    "Artificial intelligence has the power to create the previously unimaginable a reality - they are involved to harness these recent possibilities to abet drive the discoveries that can transform the lives of people affected by difficult-to-treat diseases," added Belén Garijo, member of the executive board and CEO Healthcare at Merck.

    07/12/2018 AI cracks text-based captchas

    A team of computer scientists has developed a recent machine learning program that can crack the text-based captchas quiet used by many websites to protect against bots in a fraction of a second.

    The program was developed by scientists from Lancaster University in the UK, Northwest University in the US and Peking University in China. It uses deep learning techniques and its makers pretension a much higher success rate compared to other captcha assail methods.

    It uses Generative Adversarial Network (GAN) to decode the captchas, creating synthetic captchas that are used to train the foundation solver algorithm. This is then fine-tuned using a smaller set of true captchas. This saves time and effort, with just 500 genuine captchas required to train the assail programme.

    In tests on 33 captcha schemes, some used by the likes of Wikipedia, Google, eBay and Microsoft, the program was able to unravel a captcha within 0.05 seconds when hasten on desktop graphics processing unit (GPU).

    It was also able to evade advanced security features and demostrated a tall even of accuracy.

    "It allows an adversary to launch an assail on services, such as Denial of Service attacks or spending spam or phishing messages, to pinch personal data or even forge user identities," said Guixin Ye, a researcher on the project, which was presented at the ACM Conference on Computer and Communications Security (CCS) 2018 in Toronto.

    "Given the tall success rate of their approach for most of the text captcha schemes, websites should exist abandoning captchas."

    14/11/2018 Facebook, Google and Twitter disburse AI to track illegal drug dealing

    During his rather feeble 'grilling' by US Congress over Cambridge Analytica and other topics related to the influence of his companionable networks, one question that did elicit a (relatively) direct response from designate Zuckerberg was the illegal sale of drugs on Facebook and Instagram - presumably because he could disburse his favourite stock respond of throwing some more AI at the problem.

    The opioid exigency is a raw issue in the US: 72,000 people died from overdoses in 2017 alone.

    Now Facebook has said it is actively using AI to track down dealers, coordinating its efforts with experts including forensic labs and local and national organisations. Google and Twitter are also involved in the collaboration.

    Facebook's vice president of US public policy Kevin Martin laid out the company's thinking in a blog post.

    "We want to create vital resources for treatment easier to find. When people search for information about opioids on Facebook and Instagram, they direct them to SAMSHA's [Substance abuse and Mental Health Services Administration] National Helpline Information Page and other resources for free and confidential treatment and education," he said.

    "We've also begun to roll out proactive detection on Facebook and Instagram to buy down more content that violates their policies before people may survey or report it. Their technology is able to detect content that includes images of drugs and depicts the intent to sell with information such as price, phone numbers or usernames for other companionable media accounts.

    "By catching more posts automatically, this technology allows their team to disburse their expertise instead to investigate accounts, Pages, Groups and hashtags, as well as drudgery with experts to spot the next trends."

    Susan Molinari, vice president for public policy at Google, said that 50,000 searches about specific opioid drugs were made each day on the search engine. 

    "We know overwhelmingly the people who are searching for abet are the parents or family members of opioid users, so they know that if they can shove them toward organisations enjoy the Partnership for Drug-Free Kids, then we're getting them instant connections," Molinari said.

    The efforts so far are complete about blocking content and nudging users towards getting abet rather than reporting transgressors to law enforcement.

    24/10/2018 Oracle acquires AI company-intelligence firm DataFox

    Oracle has acquired DataFox, a SaaS AI firm that crunches big volumes of data on public and private businesses and feeds the results into an AI engine to create company-intelligence that customers can add to their CRM.

    The San Francisco-based startup received initial funding from Google Ventures in 2014 and counts Bain Capital, NetApp and Goldman Sachs among its customers. Co-founder and CEO Bastiaan Janmaat was a growth equity analyst at Goldman Sachs before founding the firm, and the investment bank has a stake in DataFox.

    In a epistle to DataFox customers and partners, Steve Miranda, executive VP applications development at Oracle, said: "The combination of Oracle and DataFox will enhance Oracle Cloud Applications with an extensive set of AI-derived company-level data and signals, enabling customers to attain even better decisions and business outcomes."

    DataFox pulls information on millions of businesses from multiple sources including word articles, digital properties and 'unique signals' and analyses them to provide real-time information on when a company's fortunes might exist about to change. Oracle says it plans to "enrich" its cloud applications such as ERP, CX, HCM and SCM with "AI-driven company-level data". Presumably the view is to pinch a march on cloud compeition from the likes of Salesforce.

    Terms of the acquisition hold not been disclosed.

    19/10/2018 UK supermarkets to ordeal AI checkouts for age-verification

    Facial recognition technology is to exist trialled by UK supermarkets for age verification purposes, with a few as-yet-unidentified stores rolling out the scanning tech at self-service checkouts this year and more widely in 2019.

    The rollout is being led by US vendor NCR, which makes self-service checkout machines for Tesco and Asda among others. The company will integrate an 'AI-powered camera' (whatever that may be) into the checkout machines, which will exist able to appraise the age of shoppers when they are buying restricted items enjoy cigarettes and alcohol. Read more on this chronicle here.

    19/10/2018 AI - where does the liability lie?

    Emma Stevens, Associate Solicitor – Dispute Resolution, Coffin Mew

    The arguments regarding liability in the event of oversight or incident are dawn to expand. As developments continue, and the disburse of AI becomes more mainstream, there will increasingly exist cases which summon in to question who has liability for the systems in use.

    So says Emma Stevens, associate solicitor - dispute resolution, at law firm Coffin Mew in this article for Computing.

    The majority of the existing legislation and case law in relation to liability and duty in cases of negligence significantly pre-dates the ongoing robotics revolution. It is pellucid that the legal system has a lot of ground to cover before it can effectively regulate such advances and the existing law will necessity to exist translated to apply to situations where considering the role and repercussion of AI and robotics was not previously necessary.

    Businesses would exist sensible to create themselves conscious of the technological advances in the sectors in which they operate, to ensure that their contracts are pellucid regarding liability (both generally and for AI) and that they hold adequate insurance in site for any systems used, where appropriate.

    16/10/2018 It's astronomical companies that are making the running in machine learning, survey

    A survey of data scientists, software engineers, architects and senior management has establish that big organisations are taking the lead in their experiments with machine learning, with respondents in big organisations more likely to consider their efforts as 'sophisticated' and to hold their early successes rewarded by increasing budgets than those in smaller firms.

    About half of the respondents were located in the US, a quarter in Asia with the residue based elsewhere. The survey was conducted by Algorithmia, a US company offering a marketplace for machine-learning models.

    Across the entire sample, the main drivers for deploying machine learning models were generating customer insights and intelligence and improving the customer experience. However, in big enterprises improving customer loyalty topped the list, mentioned by 59 per cent. big enterprises were also more likely to mention cutting costs as being a motivating force.

    Just 10 per cent of companies counted themselves as sophisticated in their disburse of AI and machine learning. The report notes that the sort of companies that pioneered astronomical data techniques a few years back also hold a headstart when it comes to deploying machine learning models. They hold the data, the infrastructure and the skills required to build proprietary internal platforms - or 'AI layers'  - on which to deploy. Examples involve Facebook's FB Learner, Netflix's Notebook Data Platform and Twitter's BigHead. It seems likely that this lead widen as investment follows success.

    A statistic that demonstrates the common immaturity of the bailiwick is the fact that 55 per cent of efforts are driven by IT compared with 37 per cent by the business.

    12/10/2018 China will overtake the US in AI, predicts former president of Google China Kai-Fu Lee

    Kai-Fu Lee, head of VC firm Sinovation Ventures and former president of Google China, says that AI's influence will exist hugely disruptive to everything from the geopolitical power poise to the job market and peoples′ individual feelings of self worth. While some of the changes will exist for the better, many will not, he says, warning against the techno-utopianism common in Silicon Valley.

    The hurry of the coming AI revolution makes parallels with the job creation that accompanied the proliferation of electrical power and the industrial revolution redundant, Lee argued.

    "Those earlier technological revolutions took a century or longer," Lee explained, in a fascinating if discomfiting interview with IEEE Spectrum. "That gave people time to grow, and develop, and invent recent jobs. But they hold basically one generation with AI, and that's a lot less time."

    "We've opened Pandora's box," Lee went on, contrasting AI with other technological threats. "We did, as humans, control the proliferation of nuclear weapons, but that technology was surreptitious and required a huge amount of capital investment. In AI, the algorithms are well known to many people, and it's not feasible to enjoin people to disburse them. College students are using them to start companies."

    Lee believes the fact that the algorithms are easily available means that the nations with the most computing power - and the most centralised command structures - will acquire create the running, ultimately exporting their innovations to others that might try to unhurried the tide to cushion its impacts. China has astronomical advantages over current leader the USA, he said, as companies such as Tencent, which has proximate connections to the Chinese government, hold the data, the infrastructure and a workforce that′s quite prepared to acquire stuck into the more humdrum parts of developing AI.

    "Chinese entrepreneurs find areas where there's enough data and a commercially viable application of AI, and then they drudgery really hard to create the application work. It's often very hard, dirty, unpleasant work. The data isn't handed to you on a silver platter."

    Much of the learning data for the ML algorithms comes from applications enjoy Tencent′s all-encompassing WeChat app, which is "Facebook, Twitter, iMessage, Uber, Expedia, Evite, Instagram, Skype, PayPal, GrubHub, LimeBike, WebMD, Fandango, YouTube, Amazon and eBay" rolled into one. circumstantial information about a big harmony of China′s huge population resides in one place. And size matters when you're training neural networks.

    These factors, together with the Chinese government′s skill to squash any opposition to developments enjoy driverless trucks, are complete in the country′s favour as it seeks to become the predominant compel in AI.

    Whichever power bloc ultimately takes the lead, the true challenge, says Lee, will exist how to manage societies characterised by increasing inequality and the loss of up to 50 per cent of current jobs, many with no obvious alternative role for those that hold them, over the coming decades.

    11/10/2018 recent AI-focused announcements from Nvidia and Huawei

    Graphics processing firm Nvidia has announced an open-source GPU-acceleration platform called Rapids which is aimed squarely at data scientists who necessity to crunch big volumes of data. Nvidia claims that for machine learning-type disburse cases Rapids has proved to exist 50 times faster than CPU-only systems.

    Unveiled yesterday in Munich, Rapids is a two-year-old collaboration between Nvidia engineers and Python contributors, pile on Apache Arrow, Pandas and Scikit-learn. It is released at rapids.ai under the Apache 2.0 open-source licence.

    "Rapids connects the data science ecosystem by bringing together current capabilities from multiple libraries and adding the power of GPU acceleration." the firm says in its blog.

    Meanwhile, Huawei has unveiled two AI-focused chips of its own. "As allotment of its full-stack AI portfolio, Huawei today unveiled the Ascend AI IP and chip series, the world's first AI IP and chip chain that natively serves complete scenarios, providing optimal TeraOPS per watt," proclaims the company's press release. "Their unified architecture also makes it effortless to deploy, migrate, and interconnect AI applications across different scenarios," it says.

    Alibaba, the "Chinese Amazon" which is investing heavily in AI capailities is also reported to exist developing a recent AI chip for release next year.

    10/10/2018 Apple buys machine learning firm Spektral

    Apple had kept its $30m acquisition of virtual reality (VR) firm Spektral last year a surreptitious until Danish newspaper Brsen got hold of the story, reports Apple Insider.

    Spektral, whose founders hold now joined Apple, was a startup specialising in computer vision, using deep learning techniques and GPU hardware to better the real-time processing of images and video directly from the camera. Apple is known to exist keen to acquire ahead in the bailiwick of augmented reality (AR), and Apple Insider speculates that this may exist behind the acquisition. Apple recently changed the design of iPhone cameras to better support AR and VR it notes.

    10/10/2018 What's recent in Spark and machine learning?

    Creating useful machine learning models is a tough job, but making models that are robust enough to support business processes operationally is far tougher still. This is why the web giants build their own platforms to support their data scientists and then engineers. Matei Zaharia and Andy Konwinski of Databricks told Computing about two open source projects that are designed to bring such capabilities to within the attain of mere mortals. ML current is a framework for standardising and packaging workflows and models, while Project Hydrogen improves the integration of current deep learning frameworks such as Tensorflow and PyTorch with Apache Spark. Read the full chronicle here.

    09/10/2018 Autonomous agents are the next facet of enterprise AI, claims Fetch.AI

    What if AI could buy on complicated negotiation tasks without requiring human intervention? This is where they are going next, according to Cambridge-based startup Fetch.AI, which recently partnered with Clustermarket, a booking platform for loaning scientific equipment. Using the system, instruments are represented by autonomous agents which navigate a virtual landscape seeking the best feasible deal for themselves and optimising availability and charge overall. Read more here.


    Okta, Inc. (OKTA) CEO Todd McKinnon on Q3 2019 Results - Earnings summon Transcript | killexams.com true questions and Pass4sure dumps

    No result found, try recent keyword!Our professional services vulgar margin was negative 3.2% compared to negative ... Microsoft couldn't build every application, so they’ve built the Windows platform and then the app developer community ...

    Okta, Inc. (OKTA) Q3 2019 Earnings Conference summon Transcript | killexams.com true questions and Pass4sure dumps

    Image source: The Motley Fool.

    Okta, Inc. (NASDAQ: OKTA)Q3 2019 Earnings Conference CallDec. 5, 2018, 5:00 p.m. ET

    Please stand by. safe day and welcome to the Okta Third Quarter 2019 Earnings Call. Today's conference is being recorded. At this time, I'd enjoy to spin the conference over to Ms. Catherine Buan, Vice President of Investor Relations. gratify travel ahead, ma'am.

    Good afternoon and thank you for joining us on today's conference summon to debate Okta's fiscal third quarter 2019 financial results. My name is Catherine Buan, VP of Investor Relations at Okta. With me on today's summon are Todd McKinnon, Okta's Co-Founder and Chief Executive Officer; Bill Losch, the company's Chief financial Officer; and Frederic Kerrest, the company's Co-Founder and Chief Operating Officer.

    Statements made on this summon involve 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 their financial outlook, their market positioning, and benefits that may exist derived from their recent acquisitions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may antecedent their actual results, performance, or achievements to exist materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements delineate their management's beliefs and assumptions only as of the date such statements are made.

    In addition, during today's call, they will debate 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. There are a number of limitations related to the disburse of these non-GAAP financial measures versus their closest GAAP equivalents. For example, other companies may reckon non-GAAP financial measures differently or may disburse other measures to evaluate their performance, complete of which could reduce the usefulness of their non-GAAP financial measures as tools for comparison. A reconciliation between GAAP and non-GAAP financial measures is available on their earnings release.

    Further information on these and other factors that could affect the company's financial results is included in filings they create with the Securities and Exchange Commission, the SEC, from time to time, including the section titled "Risk Factors" in the quarterly report on profile 10-Q previously filed with the SEC. You can also find more circumstantial information in their supplemental financial materials, which includes trended financial statements and key metrics posted on their Investor Relations website.

    Now, I'd enjoy to spin the summon over to Todd McKinnon. Todd?

    Thanks, Catherine, and thanks to everyone for joining us today. Before they open the call, I'd enjoy to buy a second to recognize this day of memorial for the late President George H.W. Bush. They veneration his presidency and lifetime of public service to their country and their thoughts are with his family today.

    Our third fiscal quarter was another outstanding quarter for Okta, with total revenue and calculated billings both up 58% year-over-year. They continued to invest across their business while improving their bottom line. Operating margin improved over 22 points and free cash current margin improved more than 18 points year-over-year, making us free cash current positive for the first time.

    We also had a record quarter in terms of customer growth. They added over 450 recent customers in Q3, bringing their total to over 5,600 customers. Even more exciting is the momentum with their largest customers. They saw 55% growth in customers with over $100,000.00 in annual recurring revenue, which represents a record 100 net recent adds in the quarter.

    This momentum is an indicator that identity is an increasingly strategic imperative for organizations in every industry and validates Okta's approach to helping organizations manage complete their identities through their independent cloud platform. As a reminder, they address two markets: workforce identity, the identities of employees, contractors, and partners, and customer identity, the identities of their customers' customers.

    We closed a number of significant deals in the quarter. I'll highlight a few of them.

    First, Hertz Global Holdings, a car rental company that operates in 150 countries, is an exciting recent deal for us. The company chose Okta to securely connect complete of its employees to the hundreds of applications they disburse to hasten their business. Hertz will disburse their workforce identity products, namely Okta solitary Sign-On, Universal Directory, and Multifactor Authentication, to provide a better and more secure user undergo for its associates around the world and reduce IT helpdesk and administration costs.

    Next, an international financial services company with over 750,000 members was a recent customer identity and workforce identity win for us in the quarter. The company recognized that its outsourced identity solution lacked a full view of its customers and did not support its digital initiatives. They worked with Deloitte to find a solitary identity platform that could manage and secure both its members and employees. They selected Okta's customer identity products to provide personalized experiences for its members and their workforce identity products, including solitary Sign-On, Universal Directory, Lifecycle Management, and Adaptive Multifactor Authentication, to streamline employee access to workforce applications.

    A noteworthy upsell in the quarter was the U.S. Department of State, who had initially purchased Okta for authentication for its more than 100,000 external industry partners, but will now expand to its entire workforce. The situation Department evaluated multiple identity solutions to strengthen its security stance and support its transition to the cloud. They believe the situation Department selected Okta as its enterprisewide workforce identity solution because of their credibility across the government sector to secure identities and digital assets across a wide variety of users and technologies.

    Okta solitary Sign-On, Universal Directory, Lifecycle Management, and Adaptive Multifactor Authentication products will provide 170,000 situation Department employees, contractors, and agency partners with secure, seamless access to web and cloud-based applications, such as Office 365, ServiceNow, Box, and AWS.

    We are very excited about the customer momentum in the quarter. Not only are they seeing more deals, we're also seeing broader adoption of their technology and we'll continue to innovate and expand on their platform. There are a couple of overarching takeaways I want to highlight from the third quarter.

    First, they are seeing traction with the investments they hold made in their partner strategy. In particular, their partner ecosystem is growing significantly, as the awareness around identity is increasing and the space is becoming better defined. Meanwhile, big players, such as Deloitte and VMWare, hold recognized Okta as a vendor of option for identity solutions, which further enhances their positioning in these partner opportunities. They are pleased with their momentum in partner deals in the quarter, including the U.S. Department of State, and believe they are in the early innings of seeing upside from these relationships.

    And, second, we've continued to build out their Zero confidence security framework. last quarter, I talked about their acquisition of ScaleFT as an principal step in furthering their position in Zero confidence security. They believe that identity is the foundation for enabling Zero confidence security and we're encouraged to survey that validated both by their customers and the industry.

    Last month, Forrester Research published its first-ever Wave evaluation of the Zero confidence security framework, in which Okta was recognized as a tenacious performer and earned the highest feasible score in the criteria "People," "Workforce Security," "Vision and Strategy," and "Market Approach."

    We're very pleased with their consistently tenacious results and the momentum we're seeing and they reflect it's' being driven by several factors. They believe significant technology transitions are pushing the market in their direction. First, every organization they talk to is on a journey to the cloud. Second, they're thinking about how to become technology companies and better engage with customers online or through custom and mobile applications. And, third, security has become a priority at the highest level.

    As these transitions unfold, organizations are recognizing the censorious role that identity must play in their environments. And while cloud, digital transformation, and security are top priorities, most organizations are quiet relatively early in their journeys to realize their full potential. They believe Okta's occasion will grow alongside complete three of these transitions as they continue to develope over time.

    The market is validating their credit that identity is the foundation for securely connecting people and technology and they believe that Okta is leading in identity and winning for a few principal reasons.

    First, they hold a fundamentally different approach to the space than their competitors. The Okta Identity Cloud is a completely independent and neutral cloud platform for identity. Because their business isn't tethered to the success of specific applications, customers value that Okta will let them elect and continuously adopt the best technologies for their business. Their customers reflect of Okta as an independent platform that helps them future-proof their technology investments.

    Second is the Okta Integration Network. Because of the central role Okta plays for their customers, they strive to integration every technology those customers will want to use. With more than 5,500 pre-built integrations to cloud and on-premise applications and advanced integrations, the network security providers enjoy Palo Alto Networks, security analytics providers enjoy Splunk, and IT operations providers enjoy ServiceNow, they believe the Okta Integration Network is their solitary biggest differentiator in the market.

    The breadth and depth of their integrations are critical, especially in this industry, because the kinds of capabilities that they offer are only as useful as the technologies they integrate with. Many of the reasons their customers love Okta are the result of their long-term and continued investments in innovation in the Okta Integration Network, reasons such as the hurry of implementation, the skill to rollout applications in days or weeks versus months or years, the skill to address a very complicated set of problems with a simple and intuitive solution, and the skill to hold pace with technology.

    And what we've seen as a result is a powerful network consequence that is generating a ton of value for Okta, their customers, and their ecosystem of partners. As they integrate to more technologies, they become more valuable to their customers. As they attract more customers, technology providers become more incentivized to integrate to Okta.

    The third judgement we're winning is that we're uniquely able to serve as the identity criterion for their customers because they offer a solitary identity platform for every ilk of user in an organization's ecosystem, from their employees and contractors to their partners and their customers. Increasingly, we're seeing customers adopt Okta as this solitary criterion and retire legacy infrastructure along the way, including both longtime customers, enjoy Experian, Allergan, or Adobe, and recent customers, enjoy Major League Baseball, who recently presented at their Investor Day. They are able to manage and secure complete of their identities in a consistent artery from a solitary platform.

    The last thing I'll summon out that sets us apart is their customer-first focus. They reflect of customer success in a much broader artery than most technology companies, even most cloud technology companies. For most, customer success is about making certain customers are successful on your platform, that they're able to successfully implement it and disburse it. This is, of course, heartfelt for us as well. However, since Okta is an enabling platform for people and technology, it has to exist more. Their customers buy Okta to create the repose of their technology even better.

    For example, many disburse Okta to automate provisioning from their HR systems to downstream applications. Even more disburse Okta to rollout applications enjoy Office 365 to highly distributed environments. Their metrics for success aren't just about being successful with Okta, they're about being able to automate provisioning through Workday to better employee on-boarding and off-boarding or being able to rollout Office 365 to big global organizations in a matter of weeks.

    These are the kinds of success stories they custody about most and since we've done these kinds of implementations countless times, their customers are able to gaunt on their undergo and expertise to ensure they're successful with Okta and the technologies they connect to.

    In summary, the market is being driven their way, as momentum in cloud, digital transformation, and security are complete converging on identity. And we're winning because of their independent and neutral approach, the breadth and depth of the Okta Integration Network and their skill to offer one platform for every disburse case, and their customer-first focus.

    Thanks again for your time today and I'll now spin it over to Bill to walk through the financial results.

    Bill Losch -- Chief financial Officer

    Thanks, Todd. And thanks again to everyone for joining us. I'll first travel through their results for the third quarter of fiscal year 2019 before discussing their outlook.

    We had another tenacious quarter, with revenue totaling $105.6 million, growing 58% year-over-year. Subscription revenue totaled $97.7 million in the third quarter, an multiply of 58% year-over-year, representing 93% of their total revenue, up slightly from 92% in Q3 last year. Professional services revenue was $7.9 million, an multiply of 56% over the very period last year.

    Revenue from outside of the U.S. grew 58% year-over-year and represented approximately 16% of their third quarter revenue, consistent with Q3 last year. They continue to view their international business as a long-term growth driver and they are investing strategically to foster this incremental growth opportunity.

    Moving on to billings, the current portion of calculated billings growth for the quarter was 57% year-over-year. Total calculated billings for the third quarter totaled $124 million, an multiply of 58% over Q3 last year. They were very pleased with their calculated billings growth and the underlying exact that continues to drive their business. Contributing to their tall billings growth rate was better than expected bookings linearity in the quarter and the beneficial timing of unavoidable invoices.

    Our growth has benefited from momentum of recent customer additions as well as upsells within their customer foundation across complete of their segments. The total number of customers at the conclude of the quarter was over 5,600, up 42% year-over-year, a slight acceleration from Q2. They saw broad additions across their enterprise customer foundation and added a record number of net recent customers with annual recurring revenue greater than $100,000.00, up 100 from the previous quarter to 937, representing a 55% year-over-year growth.

    Our dollar-based retention rate for the trailing 12 months ended October 31st remained tenacious at 120%, demonstrating the ongoing success they are having expanding within their existing customer base.

    Before turning to expense items and profitability, I would enjoy to point out that I will exist discussing non-GAAP results going forward. Their GAAP financial results, along with the reconciliation between GAAP and non-GAAP results, can exist establish in their earnings release, as well as the supplemental materials posted on their Investor Relations website.

    Subscription vulgar margin continues to exist tenacious at 82.2%, up 180 basis points versus the third quarter last year. Their professional services vulgar margin was negative 3.2% compared to negative 30.6% in the third quarter last year, primarily due to tenacious utilization and improving operational leverage. Total vulgar margin was 75.8% for the third quarter, up 380 basis points year-over-year. vulgar profit was $80 million, up 66% year-over-year. Their vulgar margin represented a recent record tall as they continue to scale their platform.

    Turning now to operating expenses, sales and marketing expense for Q3 was $50.7 million compared to $43.7 million in Q3 last year. This represents 48% of total revenue, an improvement from 65% in the third quarter last year. This year-over-year improvement was aided by the expense repercussion due to the timing of Oktane, their annual customer event, which was held in Q3 of last year but in Q2 of this year.

    R&D expense in Q3 was $21.3 million compared to $14 million in Q3 last year. This represents a growth rate of 52%, as they continued to invest significantly in the Okta Identity Platform and their Okta Integration Network. At the very time, R&D as a percentage of revenue remained fairly consistent at 20% compared to 21% in Q3 last year.

    G&A expense was $14.5 million for the third quarter compared to $9.9 million in the third quarter last year. G&A was 14% of revenue, an improvement from 15% for Q3 last year.

    Our total headcount was 1,473 as of October 31st, growing 29% over Q3 of last year. They are adding headcount across the board to support the growth of their business and hope headcount growth to continue to accelerate in the fourth quarter as they further invest in their go-to-market initiatives and innovation across their platform capabilities.

    We remain focused on durable growth and as a result, they survey continued improvement in their operating margin while maintaining tenacious top-line growth. Operating loss in the quarter was $6.5 million, which is a margin of negative 6.1%, compared to a negative 28.9% in the very period last year, a significant improvement of over 22 points. Net loss per participate in Q3 was $0.04 with 109 million basic shares outstanding. This compares to a net loss per participate in Q3 last year of $0.19 with 95 million basic shares outstanding at the time.

    Operating cash current was positive $6.4 million in Q3. Operating cash current margin was 6.1% compared to negative 14.2% in Q3 last year, an improvement of over 20 points. Their top-line outperformance and continued margin improvement resulted in positive free cash current in the quarter for the first time. Free cash current came in at a positive $1.4 million in the quarter. Free cash current margin was 1.3%, an improvement of over 18 points compared to a negative 16.8% for Q3 last year.

    We are particularly pleased with this given the repercussion they saw with CapEx in the quarter due to their ongoing headquarter office expansion. While they are encouraged by their tenacious cash current performance in the quarter, they continue to hope to survey variability in free cash current margin due to this expansion, along with ongoing fluctuations in working capital.

    Turning to the poise sheet, they ended the third quarter with $546 million in cash, cash equivalents, and short-term investments. This includes the net proceeds of $307 million from the convertible senior notes they issued in Q1.

    Moving on to guidance, for the fourth quarter of fiscal 2019, they expect: total revenue of $107 million to $108 million, representing a growth rate of 39% to 40% year-over-year; non-GAAP operating loss of $12.5 million to $11.5 million; non-GAAP net loss per participate of $0.09 to $0.08, assuming shares outstanding of approximately 110 million.

    For the full-year fiscal 2019, they now expect: total revenue of $391 million to $392 million, representing a growth rate of 52% to 53% year-over-year; non-GAAP operating loss of $49 million to $48 million; non-GAAP net loss per participate of $0.37 to $0.36, assuming shares outstanding of approximately 107 million.

    Although they are quiet early in financial planning for fiscal 2020, I would enjoy to provide a preliminary view as you peep at your models for next year. They currently appraise revenue for fiscal year 2020 to exist between $510 million and $520 million, representing a growth rate of 30% to 33%.

    In summary, I'm pleased with their consistent execution and the results they reported this quarter. They remain committed to durable growth, as outlined at their Investor Day in October. They survey this growth coming from customer momentum, partner channel traction, international expansion, and innovation in their platform and network. In particular, this quarter, we're excited about the continued traction they survey across their partner ecosystem. They remain confident in their positioning and long-term strategy.

    As Todd mentioned, they survey profit from the market tailwinds that are elevating the necessity for identity. These tailwinds, in addition to the success we've seen with their leading platform, Integration Network, and customer-first approach, continue to establish us in a winning position. They are excited about the opportunities ahead and peep forward to closing out the year on a tenacious note.

    With that, Todd, Frederic, and I will buy your questions. Operator?

    Questions and Answers:

    Operator

    Thank you. If you would enjoy to interrogate a question, gratify signal by pressing "*1" on your telephone keypad. If you are using a speakerphone, gratify create certain your mute role is turned off to allow your signal to attain their equipment. Again, press "*1" to interrogate a question.

    And we'll buy their first question today from Sterling Auty with J.P. Morgan.

    Sterling Auty -- J.P. Morgan -- Analyst

    Yeah, thanks. Hi, guys. I believe Microsoft Azure active Directory had a couple notable outages in the recent past here and I'm just wondering if that's actually changed the conversations or the number of discussions driving more interest in your solution or is it even having an adverse consequence where companies are perhaps nervous about identity in the cloud?

    Todd McKinnon -- Co-Founder and Chief Executive Officer

    Hey, Sterling. It's a safe question. We're having so many conversations with so many customers and they complete benevolent of result the very key, astronomical trends. One is just customers necessity abet adopting more cloud. They're thinking about apps -- Office 365, Google Apps. They're thinking about infrastructure -- Amazon, Azure. They're thinking about business apps -- Salesforce, Workday, ServiceNow.

    And the reliability, as you mentioned, is one thing but there's just a whole host of things they're trying to design out. And they're trying to design out security, to create certain these apps are accessible and secure. They're trying to design out how to acquire the most business benefits out of it. And they are increasingly realizing that identity is the key to a lot of that. If you want to accomplish secure deployments, if you want to accomplish quick deployments, if you want to accomplish deployments that will acquire the business benefits, you hold to hold your identity chronicle straight.

    Vis a vis Microsoft, specifically, one thing that's entertaining is that, because of their breadth of customers, now over 5,600 customers, and many, many of those customers using some technology from Microsoft, they actually acquire visibility into the reliability of Microsoft's products. So, they actually -- it's not just in conversations with customers or prospective customers, but it's conversations with existing customers, talking about what was the extent of this outage, can you understand how broadly the repercussion was.

    So, we're able to abet customers understand the breadth of some of the technology choices they are using and the pros and cons and that's the profit of being this independent and neutral platform. So, I would deliver it is something they survey but in the imposing scheme of things, it's one of the many conversations we're having.

    Sterling Auty -- J.P. Morgan -- Analyst

    All right. Great. And then one quick follow-up on Zero Trust. How should they reflect about what portion of the Zero confidence architecture that Okta will ultimately provide? And I guess what I'm thinking about is it seems like, in some of these models, you'll hold some of the cloud gateway companies playing a role as well. So, is that an belt where they should peep for increased partnership from Okta moving forward?

    Todd McKinnon -- Co-Founder and Chief Executive Officer

    It's a safe question. So, Zero confidence is the term in the industry these days -- it's a fairly recent term in the industry -- which basically means don't confidence the network. Give the user the very undergo regardless of whether it's an internal network or a network from home or a network from a coffee shop. Give them the very experience. very considerable ease of disburse and, most importantly, very considerable security.

    So, many times, customers aren't asking for Zero Trust, per se, they're asking for, "How accomplish you create this complete secure?" And they're saying, "We love the cloud. We're trying to build better customer-facing applications but security is paramount and they necessity abet securing that all." And what they're increasingly realizing is that identity is the key to that. You hold to control identity to give a really considerable user undergo and a secure user experience.

    So, now Zero confidence is the industry trying to establish a design pattern in site around what this truly looks enjoy and what are the different components you necessity and what accomplish you necessity on the client. What accomplish you necessity on the device? What accomplish you necessity in terms of, as you mentioned, gateways and other things? And people hold different opinions but one thing that's becoming very pellucid is that you hold to hold identity covered well and you hold to hold a safe identity backbone to accomplish security and to accomplish Zero Trust.

    So, I reflect what you'll survey is -- and you survey it in their results -- that identity is prevalent and pervasive, especially as customers accomplish more cloud and want to exist more secure. And then the actual details of that, whether you necessity a gateway or how the VPNs fitting in, those details will exist figured out over time but identity is going to exist at the core.

    Sterling Auty -- J.P. Morgan -- Analyst

    Got it. Thank you.

    Operator

    Next we'll hear from Terry Tillman with SunTrust.

    Terry Tillman -- SunTrust Robinson Humphrey -- Analyst

    Hey, safe afternoon, everyone. Thanks for taking my questions and considerable set of results. Maybe the first question because they heard a lot in your all's prepared remarks about partner momentum. I know earlier in the year it looked enjoy you complete benevolent of refined your partner program with partner Connect and maybe redesigned it. So, I don't know if some of that's behind benevolent of this amped up success with partners but maybe you could just talk about some of the things, structurally, you've been doing around partnering. And then maybe, more specifically, VMWare and Deloitte, a dinky bit more specificity in terms of the momentum with them.

    Frederic Kerrest -- Co-Founder and Chief Operating Officer

    Yeah, absolutely. Hi, Terry, this is Frederic. happy to talk about that. I reflect you bring up a very principal point, which is the importance of partners in their business. It's something we've obviously been working on for a number of years. These things are not things that you can just spin on overnight. I reflect you highlighted a couple of examples of some of the astronomical categories that I would point to and that they survey a lot of momentum growing in their business.

    The first one are the global system integrators. You mentioned Deloitte, but also some of the other folks that are out there as strategic advisors and implementers to big enterprise and public organizations. Deloitte is doing very well. I was just, actually, in Europe last week with a number of their customers opening up their Franc office and had an occasion to speak with some of the senior partners there and they're as excited in Europe as they are in North America to drudgery with us, both on the security implementation side but also on the big digital transformation projects that they want to exist involved with.

    The second piece are very big technology partnerships that are starting to advance into play. Again, you mentioned a very principal one, VMWare. For those of you who might not bethink complete the details, they announced an principal partnership that they started last May at Oktane with VMWare with first technology and business integrations between their teams. They furthered that at VMWare's VMWorld and VMWorld Europe in Barcelona in early November, where they talked about the second even of technology integration, as well as extending that partnership out to VMWare's channel. And, again, in Europe last week, I heard from a lot of folks in the VMWare channel who were very excited about this partnership, as well as customers and prospects excited at seeing us drudgery with such a big and principal company and an principal piece of technology for them.

    And then, finally, I would just point to the Okta Integration Network, which continues to exist the de facto criterion in the industry for the best and broadest, deepest integrations across thousands of not only applications, but pieces of infrastructure, networking gear, and everything else, with dozens of advanced integrations that are really benefiting their customers, where they find these solutions, end-to-end, drive a lot of value.

    So, they are seeing a lot across complete the different pieces of their partner ecosystems, which they continue to invest in, but enjoy their business, these are early days and the opportunities ahead are very big and we're excited to hold pile upon these results.

    Todd McKinnon -- Co-Founder and Chief Executive Officer

    Yeah. And I would add, Terry, that the programmatic things that Freddy talked about are very principal but one thing I've noticed is that the business results we're showing are really motivating the partners. So, if you talk about 100 recent deals over $100,000.00 in ARR, partners notice that as well and they want to exist on board with the latest trends and the leader in this industry. And the business success and the momentum in the market has driven the partner momentum as much as anything else we've done programmatically.

    Terry Tillman -- SunTrust Robinson Humphrey -- Analyst

    That's great. Thanks to both of you for the answer. And I guess just my quick follow-up is on ThreatInsight. Todd, I know earlier in the year, you complete benevolent of unveiled benevolent of where you could travel with complete this analytics horsepower. It looked enjoy the artery some of this could drudgery is you hold to buy the higher charge point, the SSO or the MFA product, to acquire access to it. But what can you just accomplish in terms of an update on ThreatInsight, how it's being received, and just where you are with that? Thanks again.

    Todd McKinnon -- Co-Founder and Chief Executive Officer

    ThreatInsight, essentially, it's really principal for the value it delivers to customers and it delivers value in a artery that's pretty special. Because they survey so many customers and so many logins, they can detect threats across the entire ecosystem and then they can expose that threat intelligence back to individual customers and let them configure policies in Okta that would create unavoidable decisions based on those threats that are apposite to an individual customer. So, because they survey the data, they can create the product more valuable for individual customers and it's one of the benefits of being on the cloud platform.

    ThreatInsight is going very well. They are continuing to roll it out and uptake has been very positive. We're working with getting a lot of feedback from customers, not just on ThreatInsight but in the overall policy engine and continuously innovating around the capabilities, as they accomplish for complete of their features. They hold this model, this cloud model, which allows us to continuously release features and functions but also the data changes complete the time. So, as threats emerge, it's updated in real-time in ThreatInsight. So, it's a very powerful capability that's being well-received by the customer base.

    Operator

    Mr. Tillman, accomplish you hold anything further?

    Terry Tillman -- SunTrust Robinson Humphrey -- Analyst

    I reflect I've taken enough of their time. Thank you.

    Operator

    Thank you. We'll now hear from Alex Henderson with Needham.

    Alex Henderson -- Needham & Company -- Analyst

    Great. Thank you very much. I was hoping you could talk a dinky bit about the competitive landscape relative to Cisco's acquisition of Duo and to what extent you're seeing any change in the deportment of customers that they've been associated with or to what extent, as you're going through your competitive processes, you are taking more business from that channel or any change in that dynamic?

    Todd McKinnon -- Co-Founder and Chief Executive Officer

    We haven't seen a change. The astronomical picture is that there are a lot of deals. I mean, the market is really accelerating. There are a lot of deals. And the overall competitive trends are very consistent with what we've seen. Their win rates hold been consistent for several years with respect to complete the competitors.

    The competitors are different. It's very different when you're competing with someone enjoy a Microsoft, where the dynamic is, customers, they really don't want to exist locked into Microsoft. They're worried about lock-in to a unavoidable platform, particularly Microsoft. So, there, it's about this broad identity platform that can support multiple technologies, give the customer option and freedom from any benevolent of being driven down a unavoidable path. That's powerful to them.

    Different competitors are different. So, maybe a legacy competitor, it's complete about a product set that's not being updated or not being migrated to the modern environment and they survey us as their pathway to the future, their pathway to the cloud, their pathway to digital transformation. Or a point competitor, maybe that just doesn't hold the breadth of coverage and can't acquire into deals and can't cover the field. Or maybe it's just more of the niche solution, not a broader platform.

    So, I think, back to your question about Duo and Cisco. First of all, you asked the question about competitive but I would first deliver that they are very tenacious partners with both Cisco and with Duo. Duo, they hold a seamless integration with Duo on their platform. They hold a very seamless integration with Cisco, their firewall products. So, we're very, very happy with those partnerships and those continue to exist productive.

    On the competitive side, they accomplish hold some product overlap with Duo and they continue to compete with them. And I reflect it's natural that you're going to see, any time there's a astronomical acquisition enjoy that, you're going to survey some disruption, in terms of the execution of them independently. And I reflect they are seeing that to some degree. But they reflect that the partnership will continue and where they compete, we'll compete, and the environment will exist consistent over time. And the astronomical picture, there's a lot of value to exist created for customers and we're sedulous trying to capture and deliver that as much as possible.

    Alex Henderson -- Needham & Company -- Analyst

    Just one broader question. So, clearly, as we're moving to a world where the heart of gravity of security is moving out of the enterprise and into the cloud, the architecture of security delivery has to change. And I assume that no solitary company is going to exist able to provide the full platform. In that environment where we're federating multiple security clouds together, does Okta conclude up being the primary connective tissue between them? And if that's the case, what role accomplish you play in the policy piece of that?

    Todd McKinnon -- Co-Founder and Chief Executive Officer

    Well, I think, if you reflect about the definition of the word "platform," at least how they reflect about it, a platform, by definition, is a set of underlying capabilities that then other people build on top of to provide the full set of value to the ecosystem. So, if you reflect of Windows, Microsoft couldn't build every application so they built the Windows platform and then the app developer community built complete the applications. If you reflect about -- there's other examples -- iOS, right? Apple couldn't build complete the apps into iOS so they opened up this platform and the app store and then developers built it.

    So, when you deliver the entire security ecosystem, they absolutely agree. They reflect that no one company can build it all. It's complete about option for the customers. But then you acquire down to what is the platform and what is the privilege thing to pivot off of to exist the basic thing you necessity to hold a ply on but then other people could build around? And for us, that's identity. They reflect by being the system of record for identity, they can exist the foundational platform and other people can build around us. So, the artery they reflect about the world is we're the identity platform and then complete these other adjacent categories will plug into us and provide the "applications" for their platform. So, that's how they reflect about the world. And if you reflect about looking at how we're investing in the product, it's consistent with that.

    Frederic Kerrest -- Co-Founder and Chief Operating Officer

    I think, Alex, just to add on that, you survey that also from a customer perspective. I mean, what they deliver is they're very excited about a lot of the advanced integrations that they hold in the Okta Integration Network because it allows them to leverage the investments that they've made -- for example, in Palo Alto Networks -- acquire it pre-integrated with Okta and that artery they can acquire more value out of both of the solutions. The Palo Alto Networks firewall can talk to Okta and back and forth. So, you actually acquire more information by connecting them.

    In fact, they hold a number of -- and I survey this more and more with their big enterprise customers. A safe specimen is a big financial institution, I reflect in Texas, was the first one to accomplish this. They are now actually writing into complete of their recent technology contracts that the solutions they're buying must exist pre-integrated to Okta. So, what you're getting is not only the existing technology vendors know that they necessity to partner but the next generation of security vendors are coming to us and saying, "Clearly, you're the recent identity standard. This solitary identity platform, it's foundational. They want to create certain we're pre-integrated to it." And you really survey that flywheel spinning, which I reflect is going to exist very exciting for customers' success in the times ahead.

    Operator

    Next, we'll hear from Richard Davis with CG Financial.

    Richard Davis -- Canaccord Genuity -- Analyst

    Thanks. So, maybe I'll buy a remix on Sterling's question a dinky bit. So, when accomplish you guys reflect we're going to acquire to the point where you and maybe another modern security vendor or two will allow chief security officers to rescue money and benevolent of de-provision or discontinue spending on security systems that -- when I talk to these guys and gals, they're just like, "We know we're over-insuring with stuff that's repetitively redundant," so to speak. accomplish you reflect there's a point where they acquire to that point? Where you can walk in and go, "Look, it's a hard $1.00 ROI. You can slash off six different things." Thanks.

    Frederic Kerrest -- Co-Founder and Chief Operating Officer

    I reflect that's an entertaining question. From their perspective, it's about the choice, right? And it's about the option to pick the apps, the infrastructure, the platforms, the security tools that are best for the customer. I reflect in some cases that's a consolidation of disburse around unavoidable vendors. In some cases, it's branching out into recent areas for some business drive or business growth. I reflect that the flexibility customer needs -- I think, as many customers I talk to that want to consolidate and slash down on vendors, many more are branching into recent areas and want to expand. So, I reflect it's got to hold flexibility to travel both ways.

    But I accomplish reflect that you hold to -- and I reflect you survey this in complete the super successful companies. You hold to manage something that is something that the customer can pivot around, whether it's -- with us, it's the person and the identity. With other vendors, it's different things. But we're very confident that their strategy of being the system of record for identity is the privilege strategy and give customers the flexibility to buy the technology in the artery it needs to exist best for them.

    Richard Davis -- Canaccord Genuity -- Analyst

    Got it. And then just a quick follow-up. So, we've seen identity management benevolent of evolve from password reset companies to multifactor to adaptive MFA. So, hold you guys ever said how much penetration the -- whatever, the highest allotment of Maslow's Hierarchy of Identification is there? Is it 10%? Is it 5%? I mean, I know you're at the foothills. hold you looked at that on that basis at complete or not?

    Frederic Kerrest -- Co-Founder and Chief Operating Officer

    I reflect it's -- I don't hold the numbers. I reflect it's -- my impression from customers I talk to and so forth, the super sophisticated machine-learning driven is very, very rare. I reflect most customers are trying to acquire things integrated and acquire the privilege security policy on the privilege resources. I reflect the vow is, longer term, more autonomous, more machine learning ilk things, benevolent of the truly adaptive for everything. But most customers just want the flexibility to connect complete their technology and then accomplish policies usurp for the privilege resources based on the risk level. And I reflect that people know it's a safe idea. The judgement it's hard is because stuff's not integrated. And one of the things we're doing is trying to bring that pre-integrated approach to it with the Okta Integration Network. And they reflect if they can integrate everything, they can give customers basically a fighting desultory to accomplish the privilege policy on the privilege resources and that's going to create things much better, in terms of ease of disburse for the users but also for security.

    Operator

    We'll now hear from Heather Bellini with Goldman Sachs.

    Heather Bellini -- Goldman Sachs -- Analyst

    Great. Thank you so much for the question. I had two for you guys. I guess the first one would exist you continue to just hold a really safe improvement in the net recent customer matter with over $100,000.00 in spending. Ninety last quarter, 100 this quarter. Is something changing in terms of the number of products they might exist purchasing upfront for the first time? Is it potentially that they're just doing larger deal sizes of a solitary product than maybe what you were seeing before? I just was wondering if you could give us some color there.

    And then I had a question. I know someone asked about some of the issues that Microsoft had over the last few months. But I was more wondering, when you survey headlines enjoy the one with Marriott last week, does that ever -- accomplish you survey breaches enjoy that ever causing benevolent of a spike in deal activity or at least RFPs for you guys? Thank you.

    Frederic Kerrest -- Co-Founder and Chief Operating Officer

    Thanks, Heather. I'll buy the first question regarding what we're seeing in that momentum. I reflect it's a couple of things. First of all, obviously, we're very fortunate in that we're addressing two big markets: workforce identity management and customer identity management. So, what you survey is you survey customers that can now start in either of those big two markets with any of their five different products. And as you start working with larger and larger organizations, whether they're governmental organizations or private companies, they find more and more ways to disburse the product. So, they could start, for example, with Multifactor Authentication for a customer situation and then they could find ways to deploy it internally for workforce. So, there's a lot of points where they can land and expand.

    No. 2, I reflect you're starting to survey us just -- there's a natural momentum between, as they roll out 40 recent releases a year in their agile software development model, there's a lot more features and functions coming complete the time and there are more and more advanced disburse cases they can abet customers address. At the very time, you're starting to survey larger and larger enterprises turning around and saying, "We are going to hold a cloud-first approach." last week when I was in Europe, I bethink meeting with a big utility a couple of years ago and they said, "We're never going to hold anything in the cloud." And that very utility, one of the largest utility companies in Europe, started the conversation last week with, "We now hold a cloud-first mandate across the business."

    And so you're just seeing much larger organizations saw they hold to acquire on this journey to the cloud. They hold to undertake a digital transformation. And so the convergence of us being able to provide more solutions for them and the enterprise finding more and more ways to leverage the service, I reflect is what you're starting to survey drive those results. By the way, that's the very judgement that organizations enjoy Deloitte are finding more and more interest in working with us because, obviously, they're working with the largest organizations in the world. What I would say, though, is it's very early. So, I reflect that, in this transformation, their best days, by far, are ahead of us in helping these big enterprises. We're very happy with the results they hold but I reflect that it's going to exist very exciting in the times ahead.

    And then on the second piece regarding Marriott specifically. They can't point to anything this week, where there are more inbound phone calls from organizations looking for that. Certainly, it is ill-started whenever you read one of those headlines for those organizations because it's a very tough position to exist in.

    But, yes, I reflect it highlights a couple of things. First of all, it highlights the fact that every company has to reflect about how they're going to modernize their technology and how they're going to prioritize security in a recent way. Whether you're a high-tech company, whether you're a retail company, whether you're in the hospitality industry, it applies to every organization.

    No. 2, I reflect it also highlights what they complete know, which is there's a significant dearth of advanced software developers in the world, in North America, and specifically in security, and you can imagine that for a lot of these big companies, it's hard just to attract complete of these advanced security software developers to their company.

    And then, finally, identity is only now starting to become the center. People are now starting to advance around to the fact that it is so critical. But it's buy a while and, certainly, a lot of these companies hold had these resources available. So, Marriott's been out there with their programs for many, many years. Now it's time to modernize them.

    I reflect I would just point to what they just said with the Albertsons customer press release that went out today as well. A very safe specimen of a company that's been around 80+ years. They've had loyalty and rewards programs for a long time. But they realized it's time to modernize and so they started working with us a couple of quarters ago and today there's 30 million consumers accessing Albertons, Safeway, and complete of their customer identity management resources on a weekly basis. I reflect those are the kinds of trends that you're going to survey more and more of in the times ahead and, certainly, they reflect that we're very excited about the occasion to abet a lot of customers with those opportunities in their businesses.

    Heather Bellini -- Goldman Sachs -- Analyst

    Great. Thank you very much.

    Operator

    Next, we'll hear from Shaul Eyal with Oppenheimer.

    Shaul Eyal -- Oppenheimer -- Analyst

    Thank you. safe afternoon, guys. Congrats on another set of tenacious results. I want to actually palpate on --

    Todd McKinnon -- Co-Founder and Chief Executive Officer

    Thank you, Shaul.

    Shaul Eyal -- Oppenheimer -- Analyst

    Absolutely. Absolutely. I wanted to interrogate about some of the clients and condense announcements you've made, probably starting with Albertson. It appears to exist a sizable customer. I reflect you indicated 30 million customers/users, from their perspective, interacting on a weekly basis. Was that a displacement? Probably not but just want to hear your thinking about it. And also maybe talk to us, Todd or Freddy, about the process, maybe the timeframe it took from POC to PO and probably what are the other long-term opportunities you can survey with this specific client? And then I hold a question on the situation Department contract. Thank you.

    Frederic Kerrest -- Co-Founder and Chief Operating Officer

    Yeah, absolutely. Thanks for the question, Shaul. I'll start with Albertsons. So, your first question was about what they displaced there. I mean, Albertsons, enjoy a lot of big organizations, has been built up over the years through M&A. Right? So, if you look, they have, today, dozens of different properties in food and drug retail. And so as these different organizations hold evolved and as Albertsons has rolled up more and more of these different brands, each of those different companies has advance with their own set of infrastructure. So, in fact, there was legacy infrastructure but not just at Albertsons proper. At Safeway and at complete the other brands. And so what you hold is this sprawl where they hold many different installations. Some of them might exist homegrown. Some of them might exist a CA. Some of them might exist an Oracle or IBM.

    And so what happens is you, as an conclude customer, it's a snide undergo for you because you might hold an Albertsons login and a Safeway login. You don't acquire the value across both of them. They don't know what you're doing. And then at Albertsons, obviously, they want one view of you so they know where you're purchasing across complete their properties, both on the web, on the mobile, physically inside the stores. And so by transforming across complete those different pieces of on-prem infrastructure, moving to a centralized cloud platform enjoy the Okta Identity Cloud, putting complete of those different resources inside one central database -- they're using their Okta Universal Directory -- and allowing their customers to hold a much more seamless experience, it's enhancing the customer experience. But also, obviously, on the back end, providing Albertsons with much better visibility into what their customer is doing across complete these different properties. And that is the heartfelt value.

    So, absolutely, they did displace legacy technologies but it wasn't just one piece. It was, undoubtedly, many pieces that they were having a lot of pains federating because they've been around for 10, 15, 20 years and inside different data centers and it gets very, very complicated.

    On your second question around the time to drudgery with the customer, I reflect you'll probably exist pleasantly surprised. Albertsons has been a customer of ours for less than four quarters. I can travel back and peep exactly but, certainly, I reflect it was since the dawn of this fiscal year where they signed up. And I reflect that time to value is something that you really only acquire with a modern cloud platform. The fact that they were able to rollout 30 million customer visits on a weekly basis across complete these different myriad properties, both physically, both on the web, on mobile applications, and the fact they were able to accomplish that in a matter of a couple of quarters, that's how you acquire this customer success.

    And it's because of the foundational platform that they hold in there that you start seeing -- they acquire very quick ROI. The TCO is easily understandable. And very quickly, they travel from us helping them unravel one specific problem, where they become then the identity criterion and they become pervasive across their entire organization. And identity really becomes this foundational platform they acquire a lot of solace around and they can build on. So, that's specifically around Albertsons.

    I believe you also had a question -- you said a follow-up question around the situation Department?

    Shaul Eyal -- Oppenheimer -- Analyst

    Freddy, thank you. This is really great, considerable color. And probably on the situation Department, that comes under the federal vertical. Talk to us a dinky bit maybe specifically about this product, this contract, but also how accomplish you survey the occasion on the federal perpendicular and what are you guys doing to probably accelerate that? Without a doubt, I would imagine such a condense should entice and accelerate the appetite to accomplish much more. You acquire the situation Department, you know these guys, they complete talk to each other, you can acquire a considerable reference here and the sky could potentially exist the limit here in the federal vertical.

    Frederic Kerrest -- Co-Founder and Chief Operating Officer

    I certainly hope that you're right, Shaul. So, we're working on that every day. In the meantime, I'll give you some specific details around that. Look, I reflect public sector, very much enjoy the question around partners earlier on the call, this is not something you can spin on overnight. I mean, this is something we've been working on with a federal team in place, I think, coming over three years now. It's not just at the federal even but they accomplish very well at situation and local. And, again, you survey complete sorts of organizations seeing these major imperatives of the journey to the cloud and how they're going to become technology companies.

    I reflect when you reflect about public sector, and the U.S. situation Department is one specimen -- it's a safe one, but it's just one specimen -- certainly, the federal fiscal year ends in September, which coincides with their Q3 which is why we're not terribly surprised to survey some safe business from the federal sector as they wrap up their year and they peep to the year ahead.

    But I would highlight that we've been working on a lot of the underpinnings for their platform and to create it viable and a good, strong, viable, secure, reliable, scalable performance solution for the government agencies for a long time. For example, they hold been HIPAA compliant for quite some time. They are now already FedRAMP Moderate, certified on the platform. And they also hold aboriginal support for things live PIV and TAC, which allows the government to disburse a lot of their Okta workforce products.

    And then, finally, you survey a lot of astronomical initiatives that are happening inside the government. For example, the hold the Modernize Government Technology Act, which establishes funds to improved federal technology. You also hold the White House, which is pushing this cloud-smart strategy, which anything that can travel to the cloud should travel to the cloud. And I reflect these are just some of the examples of what you see. And, obviously, we're very fortunate that they can abet these organizations create those moves and we're very happy with the success we've had.

    But, again, I reflect the occasion in the times ahead is very good. Over the last couple of years, you've seen us drudgery more and more with government agencies, organizations enjoy the Department of Justice, the heart for Medicare and Medicaid Services, and now the situation Department. So, certainly, we're starting to acquire safe traction. It's principal to create these customers successful, which they do, but we're very excited about the occasion ahead and I reflect it's, again, very early days and we're excited about what they can possibly accomplish in this segment.

    Operator

    Next, we'll hear from Pat Walravens with JMP Securities.

    Patrick Walravens -- JMP Securities -- Analyst

    Great. Thank you very much and let me add my congratulations. Hey, Todd, can you walk us through, just sort of at a tall level, the steps that you're taking to create certain snide guys don't transgression the Okta network?

    Todd McKinnon -- Co-Founder and Chief Executive Officer

    Yeah. I mean, it's a astronomical focus for us. First of all, the main thing that customers -- when customers reflect about Okta, the main thing that they are trying to unravel for is combining both ease of disburse for their conclude users and security for their own applications and services. So, they survey Okta as a artery to create their own technology more secure. And whether it's making certain that accounts are provisioned at the privilege time, making certain that the privilege people actually hold access to the privilege services at the privilege time, making certain that there's the privilege amount of authentication, whether it's a solitary password, whether it's multifactor, whether it's a unavoidable policy, complete that makes a tremendous amount of improvement in how things are effortless to disburse and then how things are secure. And if they're pile a customer-facing site or mobile app, you're doing complete of that while, at the very time, increasing their time to value and the productivity of their developers that they hold to disburse and build that thing.

    So, obviously, the foundation of complete that is that the Okta service itself is secure. And that's what we've hung their hat on. And by investing a tremendous amount in the basic architecture, the processes and procedures, the technology reviews, the redundancy, it's something that it has to exist built in from the ground up. It has to exist consistently followed for years and years and years. It has to exist allotment of the culture. It's something that's very, very hard to replicate.

    And it's not only a technical thing but it's also a communication thing. And they hold this conversation with customers. And so there's a customer that's learning about us for the first time or whether it's a customer that's expanding their usage with us, we're very safe at talking to them about this in a very open and transparent artery so they can understand what they do. They can understand how they mitigate risk and they can understand why it's benevolent of hard to replicate and something that's very valuable to them as they try to transform their technology.

    Operator

    Next, we'll hear from Gray Powell with Deutsche Bank. Mr. Powell, your line is open. If you are using a speakerphone --

    Gray Powell -- Deutsche Bank -- Analyst

    Sorry, can you hear me?

    Operator

    Yes, they can hear you now.

    Todd McKinnon -- Co-Founder and Chief Executive Officer

    Hey, Gray. earsplitting and clear.

    Gray Powell -- Deutsche Bank -- Analyst

    All right. Hey. Thanks. Yeah, I'll exist quick. So, it definitely seems enjoy you complete hold seen an uptick in the adoption of MFA this year. Just ballpark, where accomplish you reflect overall industry adoption is or what stage accomplish you reflect it's in? And then how accomplish you feel about the growth of the product set over the next 12 months versus the last 12? Thank.

    Todd McKinnon -- Co-Founder and Chief Executive Officer

    I reflect Multifactor Authentication is -- the stage it is is that everyone knows it's a safe idea. I reflect it's quiet too hard to roll out, in general. I reflect we're trying to create it easier by making it pre-integrated, by connecting it to their policy engine, by delivering it as a cloud solution. So, we're getting better but I reflect there's a lot of -- the industry as a whole has to trot from "everyone knows it's a safe idea" to having benevolent of this broadly deployed multifactor connected to a policy engine and we're trying to help.

    I reflect product innovation is censorious to us and we're very excited about what's ahead for us in terms of product innovation and releasing recent capabilities. And we're going to hold -- I inspirit everyone to remain tuned. They hold their customer conference coming up in just three and a half months and we'll hold a ton of announcements there.

    Operator

    We'll now hear from Jonathan Ho with William Blair.

    Jonathan Ho -- William Blair & Co. -- Analyst

    Hi. safe afternoon. I just wanted to start out with maybe the international occasion and maybe where you survey the most occasion to leverage investments, as well as maybe how the challenges differ in the international markets.

    Frederic Kerrest -- Co-Founder and Chief Operating Officer

    Yeah, sure. Hi, Jonathan. Nice to hear from you. happy to chat a dinky bit about that. I reflect the first thing is we're very excited about the occasion in international and I reflect that you're starting to survey the results speak for themselves. That business is growing and it's growing fast. I reflect there's a lot of opportunity, in terms of not only the customer interest for what they accomplish but also in working with a lot of these channel partners because those markets are much more fragmented. Obviously, you hold dozens of countries in Europe. Asia Pacific is the same.

    And so to the question about partners that they had earlier, one of the things that we've spent a lot of time on over the last 12-24 months is really making certain that they hold the privilege partner programs with the privilege incentives making it very effortless for their partners to adopt their products and abet deal them in the market. I reflect you're going to survey more and more of that. We've also, historically, made the privilege investments ahead of time that I reflect are now mien fruit. So, for example, they hold had data centers in Europe where they can sail over data to a second data heart in Europe without ever coming to North America. That's a solution that's been out there for quite some time. We're in the process of implementing the very in Asia Pacific to, again, give customers the solace that they can hold their data in region if they're interested and, again, with very tall levels of control, security, reliability, availability. And I reflect some of those things are very important.

    At the very time, you've also seen us continue to invest in expansion of their offices. Their office in London has continued to grow over the last four or five years and we've continued to buy on more office space there with opportunity. I mentioned that they opened, formally, their Paris office last week. We've had an office in Sydney for some time and we're continuing to invest there. So, I reflect the opportunities in international are early. They're exciting, they're big, and they're huge opportunities for us in the years ahead.

    Operator

    Our final question will advance from Rob Owens with KeyBanc Capital Markets.

    Rob Owens -- KeyBanc Capital Markets -- Analyst

    In under the gun. I benevolent of feel enjoy now I can buy as long as I want too. safe afternoon, guys.

    Todd McKinnon -- Co-Founder and Chief Executive Officer

    The floor is yours, Rob, the floor is yours.

    Rob Owens -- KeyBanc Capital Markets -- Analyst

    I want to drill down a dinky bit into the international financial services win, both on the workforce ID side and the customer ID side. Just, relatively, where are you getting more dollars? Is it on the workforce side or the customer side, as you survey some of these guys gnaw on both sides of the apple?

    Frederic Kerrest -- Co-Founder and Chief Operating Officer

    Yeah. happy to talk about that, Rob. I reflect one thing they should talk about is what's happening today and then I reflect they should talk about the trends and what they survey happening in the future. Look, today, and as evidenced by their business, they started with workforce identity management. So, we're coming up on wrapping up their tenth year of business, which is great. Their first five years of business, they basically only had a workforce identity management product.

    Now, why is that? Well, workforce identity, formerly known as enterprise identity, is something that's well known. It's been in the industry for 20, 25 years. Legacy software vendors, Oracle, IBM, CA, hold had solutions here for the days of homogeneity when you were an IBM shop or an Oracle shop. And so it was a well-understood necessity as they came into the market. So, if you peep at their first 1,000 customers, complete they could buy, actually, was workforce identity. Now, that's considerable and that's going to continue to grow and that's a astronomical market and we're barely scratching the surface and you're going to survey more and more workforce identity business in the years ahead.

    What's happened over the last few years is customers hold started to say, "Hey, I built this customer identity management infrastructure myself in the past. It's getting complicated." They talked about examples enjoy Marriott. Security is important. Password reset flows, registration across devices, multiple email addresses. These are very complicated pieces of technology for companies to build themselves so they've started using solutions enjoy what they have, the customer identity and access management in the Okta Identity Cloud. So, it is a newer allotment of their business. Right? also growing very quickly.

    But what's exciting is, in the times ahead, if you reflect about a big organization enjoy Dignity Health, which is a customer of ours, they can abet them with their workforce, obviously, which is tens or maybe hundreds of thousands of employees in unavoidable cases. They hold a set of products that are very well-suited. There's a lot of disburse cases for them. But on the customer identity side, as they establish more and more online, as they digitize more and more of their business, there's more and more constituents that an organization enjoy Dignity Health needs to interact with.

    For example, they could hold patient portals that you and I travel and pay their bills on. They could hold physician portals, where physicians advance and acquire information on patients. They could hold vendor or supplier portals, where they talk about their supply chain. So, whereas an organization could hold one big workforce occasion for us to abet them with, they could start to develop more and more of these customer identity management opportunities as well. And that's why I reflect you survey that people hold very safe ideas on how big the market is for workforce, which is very large, and they're starting to develop those ideas around customer identity management.

    So, that's a long-winded artery of saying, today, customers can land with either workforce or customer identity with either of their five products. They find ways to cross-sell and upsell themselves because of their very tall customer dollar foundation net retention rate of 120%. But in the times ahead, I reflect it's a toss-up on which of these two big markets are going to continue to grow faster. A lot of occasion and, obviously, they want to exist there to abet the customers with either one. It's certainly something that we're going to continue to hold an eye on in the times ahead.

    Operator

    That will conclude today's question-and-answer session. I will now spin the conference over to Todd McKinnon for any additional or closing remarks.

    Todd McKinnon -- Co-Founder and Chief Executive Officer

    So, they value the time today. They are excited about their progress this year but the most exciting thing for us, I think, is that we're quiet very early in these astronomical trends. This trend of cloud adoption, we've been talking about it for a long time but when you peep at organizations around the world, whether they're big companies, governments, international markets, cloud is a astronomical transformation that's going to buy many, many years ahead. And we're going to exist there to abet customers along the way. very with digital transformation. That's a continuously evolving thing and we're very excited that identity is the core of that and it's going to exist a growth driver for years ahead. And, finally, security just is timeless. So, while we're excited about the results, we're more excited about the future potential and working hard every day to create certain they capitalize on this. So, thank you very much for your time and they peep forward to seeing you on the road or talking to you on the next quarterly call.

    Operator

    That will conclude today's conference call. Thank you for your participation. You may now disconnect.

    Duration: 67 minutes

    Call participants:

    Catherine Buan -- Vice President of Investor Relations

    Todd McKinnon -- Co-Founder and Chief Executive Officer

    Bill Losch -- Chief financial Officer

    Frederic Kerrest -- Co-Founder and Chief Operating Officer

    Sterling Auty -- J.P. Morgan -- Analyst

    Terry Tillman -- SunTrust Robinson Humphrey -- Analyst

    Alex Henderson -- Needham & Company -- Analyst

    Richard Davis -- Canaccord Genuity -- Analyst

    Heather Bellini -- Goldman Sachs -- Analyst

    Shaul Eyal -- Oppenheimer -- Analyst

    Patrick Walravens -- JMP Securities -- Analyst

    Gray Powell -- Deutsche Bank -- Analyst

    Jonathan Ho -- William Blair & Co. -- Analyst

    Rob Owens -- KeyBanc Capital Markets -- Analyst

    More OKTA analysis

    This article is a transcript of this conference summon produced for The Motley Fool. While they strive for their ridiculous Best, there may exist errors, omissions, or inaccuracies in this transcript. As with complete their articles, The Motley Fool does not assume any responsibility for your disburse of this content, and they strongly inspirit you to accomplish your own research, including listening to the summon yourself and reading the company's SEC filings. gratify survey their Terms and Conditions for additional details, including their Obligatory Capitalized Disclaimers of Liability.

    More From The Motley Fool

    Motley Fool Transcription has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Okta. The Motley Fool has a disclosure policy.



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