Palantir Technologies Inc. ( (PLTR) ) has released its Q4 earnings. Here is a breakdown of the information Palantir Technologies Inc. presented to its investors.
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Palantir Technologies Inc. is a software company that specializes in big data analytics and operates primarily within the technology sector, known for its pivotal role in the AI revolution.
In its latest earnings report for the fourth quarter of 2024, Palantir Technologies Inc. announced a 36% year-over-year revenue growth, with U.S. revenue increasing by 52% year-over-year, signaling robust performance and continued expansion in the commercial and government sectors.
The company reported U.S. commercial revenue growth of 64% and U.S. government revenue growth of 45%, contributing to a total quarterly revenue of $828 million. Palantir also achieved significant milestones by closing a record-setting $803 million in U.S. commercial total contract value and increasing its customer count by 43% year-over-year. With a cash flow from operations margin of 56% and adjusted free cash flow margin of 63%, Palantir demonstrated strong operational efficiency.
For fiscal year 2024, Palantir’s revenue grew 29% year-over-year to $2.87 billion, with cash from operations reaching $1.15 billion, and adjusted income from operations at $1.13 billion. The company remains optimistic about its prospects, projecting a 31% revenue growth for fiscal year 2025, while aiming to exceed $1.079 billion in U.S. commercial revenue.
Looking ahead, Palantir Technologies Inc. intends to maintain its growth trajectory by focusing on expanding its customer base and leveraging its AI platform to drive further innovation and market penetration.
