Palantir Stock Investors Just Got Incredible News From CEO Alex Karp
Palantir Technologies' first-quarter results exceeded Wall Street's expectations, with revenue rising 85% year-over-year to $1.63 billion and adjusted EPS surging 154% to $0.33. The company's U.S. commercial segment, which includes its Artificial Intelligence Platform, saw revenue accelerate to $595 million, surging 133% year-over-year.
Palantir Technologies' first-quarter financial report exceeded expectations. Revenue was $1.63 billion, up 85% year-over-year and 16% quarter-over-quarter. Adjusted EPS was $0.33, surging 154%. The U.S. commercial segment, including Palantir's Artificial Intelligence Platform, saw revenue rise to $595 million, up 133% year-over-year and 18% sequentially. Total contract value was $2.41 billion, up 61% year-over-year. The company increased its full-year revenue guidance to 71% growth, up from 61%. Palantir's U.S. commercial segment delivered remaining deal value of $4.92 billion, surging 112% year-over-year. The company's financial position improved, with cash and equivalents totaling $8 billion.
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