DarkTrace shares surged on Wednesday after the cybersecurity firm lifted its expectations for FY22 amid solid demand.
In its results for the year to the end of June, DarkTrace said it now expects year-on-year revenue growth of 35% to 37%, up from previous guidance of between 29% and 32%. This is driven by a year-on-year increase in constant currency annual recurring revenue growth of 34% to 36%, up from previous guidance of 32% to 34%.
In its first results since listing earlier in the year, the company said revenues surged 41.3% to $281.3m as customer numbers rose from 3,858 to 5,605.
However, the net loss widened by $120.9m to $149.6m, largely due to costs associated with the IPO in April.
Chief executive officer Poppy Gustafsson said: “At our first full-year earnings, we are very pleased to report robust financial and operational performance, and strong growth, during the period.
“In this new era of cyber-threat, Darktrace is helping organisations 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.”
At 0910 BST, the shares were up 7.8% at 688.50p.
