18th Jul 2024 12:44
Darktrace PLC - Cambridge, England-based cybersecurity provider - Gives a trading update ahead of its takeover by US private equity firm Thoma Bravo LP. Revenue for the financial year that ended June 30 is at least USD689.5 million, Darktrace estimates, up 26%. Fourth quarter revenue is at least USD183.1 million, up 25%. Annualised recurring revenue on June 30 is USD782.2 million, up 23% from a year before.
Darktrace says it can't provide its expected adjusted earnings margin for financial 2024, nor an outlook for financial 2025, due to its pending takeover by Thoma Bravo. The USD5.32 billion deal, announced back in April, was approved by Darktrace shareholders last month.
Current stock price: 582.40 pence, compared to offer price of USD7.75 per share
12-month change: up 55%
By Tom Waite, Alliance News editor
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