Darktrace (DARK) shares jump 6.60% to 409.3p following strong 3Q22 performance
Last week, Darktrace reported a strong sales performance and improved revenue in its third quarter, prompting it to lift revenue growth and earnings margin expectations for the full year.
For the three months to 31 March 2022, the UK cybersecurity firm saw its customer base rise by 37% to 6,890, with revenue rising 50% to $109.8 million. The group attributed the increase to sustained growth trends across its customer base, revenue and annual recurring revenue.
Darktrace said it expects to see FY22 revenue growth of between 45.5% and 47.0%, up from its previous guidance of 44.5% to 46.5%. It also acknowledged that foreign-exchange headwinds have increased and that the potential for volatility remains heightened.
Volex (VLX) shares jump 19.23% to 295p as it lifts profit guidance for FY22
In a trading update ahead of its full year results for the 52 weeks to 3 April 2022, Volex said it expects revenues and underlying operating profits to be ahead of expectations for the year.
The Group said it expects revenues to be in excess of $605m, up from $443min FY21 while underlying operating profit is expected to be in excess of $55m, up from $42.9m in FY21.
Volex said it continues to trade strongly, delivering robust organic revenue growth, “including a significant contribution from the Electric Vehicles sector, where revenue has almost doubled.”
Light Science Technologies Holdings (LST) shares rise 19.05% to 12.5p ahead of results
The technology and contract electronics manufacturing company has informed investors that it will announce its results for the year ended 30 November 2021 on Tuesday 26 April 2022.
Symphony Environmental Technologies (SYM) shares tick up 17.14% to 20.5p on the back of sustainability award
Today, the company’s Indian joint venture with Indorama Corporation, was honoured with an award for its contribution to sustainability with d2w biodegradable masterbatch technology for the manufacturing of non-bio plastics into biodegradable, environmentally safe compounds.
The low-cost d2w masterbatch technology was developed by Symphony, and is now being produced in India with locally produced materials. Initial product sales have now been made and delivered to Indian customers while strong customer enquiries are being now received.
The infrastructure is now in place to manufacture at commercial levels and based upon current enquiries, the
Board anticipates increasing sales volumes during 2H22 and beyond.