Friday, 24 March, 2023

Security company Darktrace increases annual profit expectations due to customer growth

<p>Darktrace Plc, a British cybersecurity company, reported that it increased its full-year profit margin prediction to approximately 19.5%. The Russia-Ukraine conflict and the move to remote working during the epidemic have fueled a rise in cyberattacks and increased demand for security products. For the entire year ending June 30, it had previously predicted adjusted earnings before interest, taxes, depreciation, and amortization margins between 15% and 17%.</p>