Darktrace said EY found a 'small number of errors and inconsistencies' with some contracts — but nothing that would be 'material' to its financial statements.
Darktrace was the target of a short-selling campaign in February, with New York-based asset management firm Quintessential Capital Management accusing it of engaging in potentially fraudulent practices to artificially inflate its sales.
The firm was the target of a short-selling campaign in February, with New York-based asset management firm Quintessential Capital Management accusing it of engaging in potentially fraudulent practices to artificially inflate its sales. Darktrace said it expects annual recurring revenue of at least $626.5 million for its full financial year ended June 30, up at least 29% year-over-year. The firm also said it netted 396 new customers in the June quarter, and 1,362 over the financial year, bringing its total customer base to 8,799.
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