Cyber security company Darktrace on Tuesday said it expected full-year core earnings margins to be above expectations, as customer numbers increased.
In a trading update, the company said its annual adjusted margin for earnings before interest, tax, depreciation and amortisation should be at least 19.5%, above the high end of its previous guidance range of 15% – 17%.
Annualised recurring revenue was forecast to grow between 31% and 34% for the fiscal year.
Darktrace said it expected revenue of at least $417m, reflecting year-over-year growth of approximately 48%.
More than 500 net new customers were added during the year, bringing the group’s customer base at year-end to beyond 7,400, a year-on-year rise of around 32%.
