RE: Remember how easy it went from 600 to 780, not once but twice?10 Aug 2021 11:55
Just keep reading this - it’s solid cloud repeatable revenue with a raised forecast in a market with strong growing demand
Darktrace demonstrated the resilience of its business model over the course of a universally challenging year. The Group ended FY 2021 with approximately 5,600 customers, having grown its customer base by 42% year-on-year.
The Group also delivered strong results in its constant currency Annualized Recurring Revenue (ARR). At its FY 2021 constant currency rates, Darktrace expects ARR at 30th June 2021 of at least $340 million, which represents year-over-year growth in constant currency ARR of at least 44%. Darktrace also reports that its one-year gross ARR churn and net ARR retention rate have remained in the range of recent reported periods.
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.