Darktrace, based in UK, raises annual forecasts as AI demand grows – CIO News

While IT investment has decreased in the last year, cybersecurity spending has stayed consistent as businesses and governments seek to protect their systems from hackers. The business anticipates revenue growth of 23% to 24.5% in fiscal year 2024, up from 22%23.5% before, and an adjusted core profit margin of 18%20%, up from 17%19% previously.