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Darktrace (DARK) investor relations material
Darktrace Q4 2024 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong close to FY 2024 with third consecutive quarter of accelerating Net ARR added growth and improved customer retention metrics.
Significant business changes have led to sustained positive impact, supporting the next phase of growth.
Financial highlights
Annualised recurring revenue (ARR) at 30 June 2024 reached $782.2 million, up 22.7% year-over-year at constant currency.
Net ARR added for FY 2024 was $144.9 million, a slight year-over-year decline of 0.3%, but Q4 Net ARR added grew 12.4% year-over-year.
FY 2024 revenue expected to be at least $689.5 million, up at least 26.4% year-over-year; Q4 revenue at least $183.1 million, up at least 24.6%.
One-year gross ARR churn improved to 6.3%, down 0.5 percentage points year-over-year; Net ARR retention rate rose to 106.6%.
Customer base grew 10.6% year-over-year to 9,735, with 936 net new customers added, 333 in Q4.
Outlook and guidance
No FY 2025 performance outlook provided due to regulatory and market practices related to the proposed Thoma Bravo acquisition.
Darktrace expects new customer ARR additions to increase through FY 2025.
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