Darktrace enhances revenue forecasts after strong Q3 performance

Darktrace raised its annual revenue and margin forecasts for the third time this year after the British cybersecurity company’s third-quarter revenue jumped nearly 27%.

The company has benefited from demand for its services due to an increase in digital attacks, as well as the artificial intelligence boom. It expects revenue from new customers to grow as the economic environment begins to improve.

The company raised its annual revenue and core profit margins forecast in January, and again in March.

Annual core profit margin is now expected to be at least 23%, from an earlier forecast of at least 21%. Reuters