The earnings cut, which revises 2024 EBITDA down from 22% to a range of 17 to 19%, came after an accounting adjustment following a change in the payments structure for sales commissions that led to a drop in free cash flow.
Shares initially sunk 8.2% as markets opened this morning, before recovering slightly later into the trading session.
Darktrace CFO Cathy Graham told the Standard the sales commission change followed a multi-month process with a pay consultant to make its pay structure more competitive.
Denne historien er fra September 06, 2023-utgaven av Evening Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra September 06, 2023-utgaven av Evening Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Who is to blame for the lack of elite English managers?
Replacing Tuchel with a homegrown candidate will be no easy task
Who your club will sign and sell in the January market
Kolo Muani has more than one interested club in London, while there are big names unsettled and looking to move
The debt disaster threatening to leave Londoners without a drop to drink
Crisis-hit Thames Water could go under in days
Is 2025 the year of the first-time buyer?
This could be your best chance to buy a home in more than a decade here's where to look
Kick back in the Caribbean BodyHoliday, Saint Lucia
Green juices, beach workouts and supercharged facials: more and more of us are swapping piña coladas and indulgent food for a healthier, but no less glamorous, holiday.
Dishoom's Kavi Thakraron why Mumbai is his inspiration
The best street food, fantastic markets and bars where the hours just disappear...the restaurateur shares his guide
On the sauce - Adiamondis forever, after all
Double Diamond was supposedly Prince Philip’s favourite beer. He’s said to have enjoyed a bottle, nightly.
At the table - Queen of W1 expands empire with chic Italian
I understand it's not the done thing to compare restaurateurs to murderous mob bosses, given it's rude and, well, they're notoriously litigious. But when I think of Samyukta Nair, sometimes I hear Jack Nicholson's mutterings in The Departed, Martin Scorsese's Boston gangster flick. \"I don't want to be a product of my environment,\" Nichol- son says. \"I want my environment to be a product of me.\"
The Royal Academy's masterful show and mind-expanding surrealist paintings
Known for his intricate and stunning handmade tapestries, Siributr creates these vast hangings to explore his native Thailand past and present.
Review - Adrien Brody's power and depth shine in this colossal epic
The Brutalist, director Brady Corbet’s third feature, is a movie of such colossal size and scope it may well have been carved from marble; an epic paean to the immigrant experience in America in the wake of the Second World War.
