Shares in Sophos leapt on Thursday as the cyber security company said growth had accelerated in the last three months, reassuring investors following heavy share price falls in recent months.
Sophos said that billings - an indicator of future revenues - had grown by 23pc in the three months to the end of March, the final quarter of its fiscal year.
It was seen as a reassuring announcement, just three months after the company had revealed a sharp slowdown in growth. During the previous quarter, billings growth had declined sharply from 29pc to 18.7pc, spooking investors.
Analysts said the release of new products was likely to have boosted revenues. They include one used to guard against malicious...