PLTR - Palantir: Why Doing Things Their Way Is Paying Off?
2024-03-09 06:25:21 ET
Summary
- Palantir achieved its fifth straight quarter of GAAP profitability, unlike other software companies, Snowflake and C3.AI, who continue to not generate profits.
- Institutional interest in Palantir reaches an all-time high, with ownership soaring to nearly 40%. Over the last 3 years, institutions have added to PLTR by 400%.
- Palantir's newest business model with AIP Bootcamps is accelerating customer adoption and expansion in the sales motion.
- Palantir continues to win industries like healthcare, energy, and others by solving complex industry-specific problems.
- Palantir is financially strong with $3.7B in cash and $0 in debt, and growing margins with their new business model.
Institutions Wake Up after Q4, Full Year Results, & AI Excitement:
In the heart of Denver, Palantir Technologies Inc. ( PLTR ) wrapped up its year with a bang, showcasing its fifth straight quarter of GAAP profitability that has left both Wall Street and Main Street buzzing with excitement. Palantir delivered a GAAP EPS of $0.04 for Q4, which resulted in $93.4M in GAAP Net Income. It's not just the numbers that are talking; it's the story they're telling about a company on the rise. Amidst a backdrop of growing investor enthusiasm for AI technologies, Palantir stands out, not just for its impressive 20% year-over-year revenue growth but for the consistency in profitability, excellent financial stewardship, and delivering real-world outcomes for its customers....
Palantir: Why Doing Things Their Way Is Paying Off?