Darktrace said on Tuesday that an independent review by EY had not flagged any issues not already known to the cybersecurity firm and that it would not impact previous financial statements.
An investigation of Darktrace’s finances has uncovered a “small number” of accounting errors but found no evidence to support allegations of widespread fraud, sending shares in the British cybersecurity company soaring.
By Elena Vardon Darktrace on Tuesday hiked its margin guidance for fiscal 2023 and said it expects it to hold in fiscal 2024 though it sees annual recurring.
Analysts at Berenberg reiterated their 'buy' recommendation for shares of Darktrace in the wake of the company's closing update and the conclusion of a review by Ernst & Young.