The corporate reporting period has is going.
Last week, 100 companies from the S&P 500 index reported.
Today, we will look at Palantir Technologies. Its revenue is $725M. It grew by +6.8% compared to the corresponding value for the previous quarter and exceeded analysts’ expectations by +2.9%. Let’s analyze the company’s business in more detail.
Palantir Technologies is a leader in the development and use of artificial intelligence and machine learning platforms. The company’s two main platforms, Gotham and Foundry, are used for data analysis by government and corporate entities. The company’s main clients are Western intelligence agencies such as the CIA and FBI, financial companies such as JP Morgan Chase, Bank of America, and the Ukrainian Defense Forces.
Palantir Technologies’ revenues increased by +30.1% compared to the same quarter last year. The company faced challenges in expanding its business due to the high cost of its products. To counteract this, Palantir switched to a modular sales strategy, which allows customers to buy individual modules instead of installing an expensive platform at once. This approach allowed the company to increase its customer base, which had a positive impact on its revenue.
Manufacturing costs account for 20% of the revenue structure, and gross revenue for 80%. Over the past quarter, the company earned a profit of $149M and its market capitalization is $133B.
Following the publication of the report, Palantir Technologies’ shares rose by +23.4% to reach $58 per share. In general, market participants are satisfied with the company’s current financial results and reacted positively to the forecasts for the next quarter.
*surprise – % ratio between actual and expected revenue
**growth – % ratio of the amount of revenue for the last 4 quarters compared to this value calculated for the previous quarter
