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Evening Standard
Evening Standard
Business
Simon Hunt

Darktrace shares jump after profits upgrade

Businesses have ramped up their cyber protections amid mounting fears of attacks following the Russian invasion of Ukraine.

(Picture: Shutterstock / 13_Phunkod)

Darktrace shares soared 8% this morning after the cybersecurity firm increased its profits forecast for the year.

The Cambridge-based business expected sales growth of 48% in the year to 30 June 2022, while profit margins were set to exceed the top end of forecasts to reach 19.5%, as businesses ramped up their cyber protections amid mounting fears of attacks following the Russian invasion of Ukraine.

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