2024-05-07 13:43:43 ET
Summary
- Palantir Technologies Inc. reported strong Q1 results, with 20.8% revenue growth and 81% adj. operating profit growth, driven by U.S. commercial business.
- The company's AIP platform shows applicability across various industries, giving them a competitive advantage.
- Palantir's FY24 forecast predicts 20.5% revenue growth and 38% growth in adj. operating profits, reflecting strong potential for margin improvement.
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Palantir Q1: AIP Bootcamps Driving Strong US Commercial Growth (Rating Upgrade)