PLTR - Palantir Q1 Earnings: Revenue Beat And Raise US Commercial Growth Continued GAAP Profitability And More | Benzinga
Palantir Technologies Inc (NYSE:PLTR) reported first-quarter financial results after the market close on Monday. Here’s a look at the key metrics from the quarter.
Q1 Earnings: Palantir said first-quarter revenue increased 21% year-over-year to $634 million, which beat the consensus estimate of $625.431 million, according to Benzinga Pro.
Commercial revenue grew 27% year-over-year, driven by a 40% year-over-year increase in U.S. commercial revenue. Government revenue climbed 16% year-over-year.
Palantir reported adjusted earnings of 8 cents per share, which was in line with analyst estimates. The company has now delivered six straight quarters of GAAP profitability.
Palantir's customer count grew 42% ...