Darktrace cuts revenue outlook as customers turn cautious

LONDON : British cybersecurity company Darktrace cut its full-year revenue forecast on Wednesday, saying prospective customers were more reluctant to run product trials due to the worsening macro-economic environment.

The company said it now expected its constant currency annual recurring revenue to increase by between 29.0 per cent and 31.5 per cent in the year to end-June, down from its previous forecast of 31 per cent to 34 per cent.