Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Poppy Gustafsson"


4 mentions found


Why this CEO thinks experience can be overrated
  + stars: | 2023-07-14 | by ( ) www.cnbc.com   time to read: +1 min
When it comes to putting together a great team, experience is often high on the list of things you're looking for. Poppy Gustafsson, CEO of cybersecurity company Darktrace, believes that experience can be an overrated quality. "In the earliest days at Darktrace, we were brainstorming about how to reduce the length of our sales cycle. In those days, we were running a three month proof of value because that's what the rest of the industry did," Poppy Gustafsson explained to CNBC Make It. "From that point forward, we were able to reduce our sales cycle by two-thirds," said Gustafsson.
Persons: Poppy Gustafsson, Gustafsson, that's, Poppy Gustafsson's Organizations: CNBC Locations: Darktrace
Darktrace hires EY for independent review of finances
  + stars: | 2023-02-20 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Feb 20 (Reuters) - British cyber security company Darktrace (DARK.L) said on Monday it had commissioned a third-party review of its finances by EY, weeks after a short-seller questioned its results. Darktrace said the appointment of the auditor EY, formerly known as Ernst & Young, was a sign of its confidence in its financial processes. The group said it was "deeply skeptical about the validity of Darktrace's financial statements," prompting Darktrace to issue a rebuttal. Darktrace said in its statement on Monday that it was appropriate for a third party review to confirm the company's financial position. As a sign of that confidence, we have commissioned this independent third-party review by E&Y," chairman Gordon Hurst said.
LONDON — Cybersecurity firm Darktrace on Monday said it has appointed auditing firm EY to review its "key financial processes and controls," in a bid to soothe investor fears after a short seller accused the company of manipulating its accounts. "The Board believes fully in the robustness of Darktrace's financial processes and controls. EY will report to the chair of Darktrace's audit and risk committee, Paul Harrison, Darktrace said. Darktrace shares rose more than 2% Monday on the heels of the announcement. The firm said it was "deeply skeptical about the validity of Darktrace's financial statements" and believed sales and growth rates may have been overstated.
Omar Marques | SOPA Images | LightRocket via Getty ImagesCybersecurity company Darktrace , one of the U.K.'s most prominent tech names, has found itself under attack from short sellers. Short selling is a strategy in which investors bet on the price of a stock going down in value. Darktrace, one of the U.K.'s largest cybersecurity companies, was founded in 2013 by a group of former intelligence experts and mathematicians. "This has been, and remains, a very small part of Darktrace's marketing and the costs of them over the last five years has consistently been substantially below 0.5% of Darktrace's revenue," Darktrace added. The Lynch connectionIt's worth noting that, even before the QCM report, there were clouds hanging over Darktrace's business.
Total: 4