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The cybersecurity company sees revenue jump among increased attacks



(Reuters) – Darktrace PLC, the cybersecurity company listed in April, upgraded its guidance for 2022 on Thursday as it said revenue for the financial year just ended would grow by better than expected 40% plus to at least $ 278 million.

Shares in the UK company, which were priced at £ 2.50 during the IPO, jumped 15% to a new high of £ 6.64 after the update.

CEO Poppy Gustafsson said demand for Darktrace's AI solutions was "robust, as advanced cyberattacks continue to surpass the human capabilities of security teams."

Darktrace, which uses AI to detect attacks in information technology networks, said it expected revenue growth of between 29% and 32% compared to the previous year. % for the year to the end of June 2022, an increase from 27% to 30% previously, although it would normally be a soft sale during the first quarter. a reorganization and expansion of the sales force can have a temporary impact on productivity.

"These efforts will begin in the first half of 2022 and are intended to support expected growth and continued scaling," it said.

Darktrace, which counts governments and multinational corporations as customers, said it ended its fiscal year with about 5,600 customers, an increase of 42% over the previous year.

Recurring revenue at the end of June was at least $ 340 million, according to it, representing a growth over the previous year of constant currency of at least 44%, well above the 35% that Berenberg analysts said they had forecast . Catalog

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