8 More Trading Days until RESULTS!3 Sep 2021 09:40
Final results for the year ended 30 June 2021 on Wednesday 15 September 2021 at 07:00am BST.
Darktrace also expects revenue for FY 2021 of at least $278 million, reflecting year-over-year growth of at least 40%. It also expects that gross margin for FY 2021 has remained in the range of recent reported periods.
FY 2022 Outlook
To enable a consistent basis for evaluating its performance, Darktrace reports ARR in constant currency, at rates established at the start of each year(1). Applying FY 2022 rates to the Group's ARR balance for 30 June 2021, and all prior comparison periods, results in a rebased ARR balance of at least $354 million. This will become the new amount against which it will measure constant currency ARR growth for FY 2022.
Darktrace is increasing its expectations for FY 2022 from those presented at the time of IPO. The Group is balancing strong sales trends exiting the second half of FY 2021, including particularly strong June performance, with potential temporary sales productivity impacts that may occur as it evolves ways to expand and optimise its salesforce structure. These efforts will begin in the first half of FY 2022 and are intended to support anticipated growth and continued scaling of its business.
Darktrace now expects a year-over year increase in its constant currency ARR of between 32% and 34% (previously 26.5% to 29.5%). It also now expects year-over-year revenue growth of between 29% and 32% (previously 27% to 30%), considering normal quarterly seasonality patterns and particularly, typically soft first-quarter sales.
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