Darktrace warns on revenue as customers turn cautious

Published by
Reuters UK

By Paul Sandle LONDON (Reuters) -British cyber-security company Darktrace cut its full-year revenue forecast on Wednesday after prospective customers turned more reluctant to run product trials due to the worsening economic environment. The company, which listed in April 2021, said it now expected its constant currency annual recurring revenue (ARR) to increase by between 29.0% and 31.5% in the year to end-June, down from its previous forecast of 31% to 34%. It said ARR in the six months to end-December had increased by at least 36.5% to a minimum of $556.3 million, but there had been a notice…

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