Prior to first-half results due on 7 March, Darktrace PLC (LSE:DARK) pre-released results with a trading update on the 11 of January pointing to revenues above guidance and consensus with recurring sales up 24% at US$702m.
The cybersecurity firm is targeting 23-24.5% revenue growth, up from 22-23.5%, and an underlying profit [adjusted EBITDA] margin of 18-20% (from 17-19%) with free cash flow in the range of 50-60% of underlying profits.
Other areas of focus with the results will include 'Prevent and Heal' and general cross-selling momentum plus the impact of AI on its business.
Shares have been largely flat since January.