Palantir reports first profitable quarter, stock soars after earnings
The data-software company reported Monday afternoon that it saw fourth-quarter net income of $31 million, or 1 cent a share, whereas it lost $156 million, or 8 cents a share, in the year-earlier period. Palantir PLTR, +1.33% also anticipates it will be profitable on a GAAP basis in 2023.“Our commitment to and relentless focus on the long term at times has required patience,” Karp said in the latest shareholder letter.
The combination of Palantir’s GAAP profit and top-line growth “leaves us very, very excited,” he said.Read: Microsoft has a long path of earnings growth ahead, says Morgan Stanley Revenue rose 18% to $509 million from $433 million a year ago, whereas the FactSet consensus was for $503 million. Palantir said its commercial revenue grew 11% in the fourth quarter, while U.S. commercial revenue was up 12%. Overall government revenue increased 23%, whereas U.S. government revenue rose 22%.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Disinformation Inc: Microsoft suspends relationship with group blacklisting conservative newsThis is part five of a Washington Examiner series about self-styled 'disinformation' monitors that are cracking down on conservative media and taking steps to defund disfavored speech. Here is where you can read those stories.
Leer más »
The CE Group Inc. pulls back the curtain on experience marketingSPONSORED: The CE Group Inc. has had a front row seat for many significant experiences for its clients and the community over the years.
Leer más »
The ‘CEO of Anti-Woke Inc.’ Has His Eye on the PresidencyVivek Ramaswamy leaves the boardroom for a barn in Iowa to test out his businessman-turned-culture-warrior brand on rural conservative voters.
Leer más »
Disinformation Inc: Microsoft removes conservative sites from blacklist 'defunding' outletsThis is part of a Washington Examiner investigative series about self-styled 'disinformation' tracking groups that are secretly blacklisting and trying to defund conservative media outlets. Here you can read other stories in this series.
Leer más »
Butler County native, 'Woke, Inc.' author Vivek Ramaswamy\u00a0mulls 2024 presidential runVivek Ramaswamy, author of 'Woke, Inc.,' says he is strongly considering a 2024 presidential bid.
Leer más »
'CEO of Anti-Woke Inc.' Vivek Ramaswamy exploring 2024 bid: ReportAuthor and entrepreneur Vivek Ramaswamy is reportedly exploring a bid for president in 2024.
Leer más »