Cybersecurity firm Darktrace raised its revenue growth expectations despite potential disruptions from a sales force reorganization in its first trading update since it launched in April.
Darktrace was one of the UK’s best-known tech companies to go public earlier this year, and its shares have more than doubled from the original market price. Thursday’s update pushed them up nearly 5 percent in early London trading.
The Cambridge-based company, which uses artificial intelligence to detect intrusions into its customers’ networks, expects sales to grow between 29 and 32 percent for the fiscal year ending June 2022. The prognosis was 2 percentage points better than the previous prognosis. .
For the fiscal year ending June 2021, revenue is expected to grow at least 40 percent to $ 278 million, a slight slowdown from 45 percent in the previous year and 73 percent in 2019.
“Advanced cyber attacks continue to exceed the human capabilities of security teams,” …