Brief: Darktrace Raises FY24 Revenue Expectations

Darktrace

11/04/2024 07:13

April 11 (Reuters) - Darktrace PLC  DARK.L :
    * RAISING ARR, REVENUE, MARGIN AND FCF EXPECTATIONS FOR FY
2024
    * AT ITS FY 2024 CONSTANT CURRENCY RATES, ANNUALISED
RECURRING
REVENUE AT 31 MARCH 2024 WAS $731.1 MLN
    * EXPECTS ADJUSTED EBITDA MARGIN FOR Q3 TO BE ABOVE ITS
PREVIOUSLY
COMMUNICATED FY 2024 GUIDANCE RANGE OF AT LEAST 21%
    * RAISING ITS EXPECTATIONS FOR YEAR-OVER-YEAR REVENUE GROWTH
AND
ADJUSTED EBITDA MARGIN
    * NOW EXPECTS FY 2024 REVENUE GROWTH OF AT LEAST 25.5%
    * CONTINUES TO CONTROL ITS DISCRETIONARY SPENDING
    * INCREASING ITS EXPECTATION FOR FY ADJUSTED EBITDA MARGIN
TO AT
LEAST 23.0%

Source text for Eikon:  ID:nRSK1024Ka 
Further company coverage:  DARK.L 

 ((Reuters.Briefs@thomsonreuters.com;;))