(Alliance News) - Darktrace PLC on Thursday said profit and revenue jumped in the first half of its financial year, and upped its full-year sales guidance as a result.
Darktrace shares were up 15% at 403.80 pence each in London on Thursday morning.
The Cambridge, England-headquartered cybersecurity company said pretax profit multiplied to USD50.5 million in the six months to December 31, from USD1.9 million the year before.
This resulted from a 27% boost in revenue to USD330.3 million from USD259.3 million a year ago, due to strong performances across all of its divisions, Darktrace said.
Looking ahead, the firm upped its revenue growth guidance for the full-year ending June 30 to between 23.5% and 25%, from 23% to 24.5%.
Commenting on Darktrace's results, Chief Executive Officer Poppy Gustafsson said: "We continue to see the cyber-crime landscape evolve rapidly in a challenging geopolitical environment and as the availability of generative AI tools lowers the barrier to entry for hostile actors.
"Against this backdrop and in the period ahead, we are preparing to roll out enhanced market and product positioning to better demonstrate how our unique AI can help organisations to address novel threats across their entire technology footprint."
By Sabrina Penty, Alliance News reporter
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Darktrace (DARK)