Darktrace says cyber attacks drive consumer demand
Darktrace (LON:DARK) has increased its forecasts for the financial year as its user base and revenue levels continue to grow.
The cybersecurity firm confirmed robust sales coming out of the financial period before, including a strong performance in June, as the company was operating close to the upper end of its expectations over recent weeks.
Darktrace is expecting its revenue to grow by between 35% and 37% this year, up from 29-32% before.
Adjusted underlying earnings (EBITDA) margin is anticipated to arrive at 2-5%.
“At our first full-year earnings, we are very pleased to report robust financial and operational performance, and strong growth, during the period,” chief executive Poppy Gustafsson said.
“In this new era of cyber-threat, Darktrace is helping organizations from every industry sector, including providers of critical national infrastructure, to protect their digital assets, and avoid the serious disruption that cyber-attacks can cause.”
The Darktrace share price has added 8.55% on Wednesday morning.
Darktrace, a global leader in cyber security AI, delivers technology that protects over 5,600 customers worldwide from advanced threats, including ransomware and cloud and SaaS attacks.