Darktrace PLC (LSE:DARK) grew its customer base by 10.6% year on year, according to an annual trading update published on Thursday.
The cybersecurity big cap, which recently achieved FTSE 100 status, grew annual recurring revenues by 23% to $782 million.
While this is a slower rate of growth compared to the previous year, churn rates showed an improvement.
It is likely to be Darktrace's final annual trading update as a publicly listed company after accepting a $5.3 billion takeover offer from US private equity firm Thoma Bravo.
Chief executive Poppy Gustafsson stated: “The Thoma Bravo offer to acquire Darktrace continues to progress as expected, with our shareholders voting overwhelmingly in favour of the offer.
“The regulatory processes are proceeding with relevant waiting periods having expired and formal and informal clearances being received in line with the anticipated timelines.
“As we await the conclusion of the remaining regulatory processes, we remain fully focused on bringing more of our AI-powered cyber security products to additional customers around the world, and we remain excited about the many opportunities ahead for our business."