LONDON : Cyber-security company Darktrace said the tough global economy had hit new customer additions and as a result it expected its full-year annual recurring revenue to grow by around 29 per cent, towards the bottom of its previous guidance.
The British company said on Thursday it added net constant currency ARR of $27.0 million in its third quarter to end-March, a decline of 6.3 per cent compared to the same quarter a year ago. ARR stood at $583.6 million at the end of March, it said, representing year-over-year growth of 33.7 per cent.
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