The cloud space is still early in terms of adoption, according to Todd McKinnon, CEO of the newly public cloud company Okta (OKTA) , with a $3.1 billion market cap.

"I would say [we're in the] third inning," he said, referring to the cloud space. "A lot of the mindset has shifted toward the future - a lot of the game is left to be played."

Okta's clients include Adobe (ADBE) and Nordstrom (JWN) , among thousands of others. 

Okta shares are up 13% since its April 2017 IPO.

Watch more from Scott Gamm and Subscribe to TheStreet on Youtube

 

More From TheStreet:

More from Video

Here's What Bankrate's CFA Expects From Interest Rates in 2019

Here's What Bankrate's CFA Expects From Interest Rates in 2019

How Federal Reserve Rate Hikes Will Impact the Economy in 2019

How Federal Reserve Rate Hikes Will Impact the Economy in 2019

Gold Prices Are Officially Back Says This Expert

Gold Prices Are Officially Back Says This Expert

The State of Real Estate Outlook for 2019

The State of Real Estate Outlook for 2019

Why End of 2019 Could Loom as Scary For the Economy

Why End of 2019 Could Loom as Scary For the Economy