Darktrace ups revenue guidance helped by foreign exchange


Darktrace PLC (LSE:DARK) reiterated full-year guidance but noted that foreign exchange has put less pressure than expected.

Revenue for the year to June 2022 is therefore forecast to jump 37-39% instead of 35-37%.

READ: Darktrace investors sell 25mln shares in 750p placing

The US dollar has recently strengthened against key international currencies, such as the pound and the euro, creating foreign exchange headwinds.

In the quarter to 30 September, the cybersecurity giant continued the strong sales performance it delivered in the second half of the previous financial year, growing its customer base by 43% to 5,975.

Annualised recurring revenue (ARR) climbed 64% to US$24mln. The positive performance was compared against a particularly weak period last year, when momentum was hit by the early stages of the COVID-19 pandemic.

Total revenue in the first quarter jumped 51% to US$93mln.


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