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Chronicles

The story behind the story

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Palantir reports Q3 revenue up 30% YoY to $725.5M, vs. $701.1M est., and raises 2024 revenue forecast again on robust AI adoption; PLTR jumps 20%+

Arsheeya Bajwa / Reuters :

Reuters Arsheeya Bajwa

Discussion

  • @divestech Dan Ives on x
    The Messi of AI Palantir delivered a masterpiece with total revenues came in at $725.5 million well above both the Street's $705.1 million estimate while its US commercial business grew a staggering 54% y/y above the company's guidance range of 47%+. Robust 4Q guide. 🔥🏆🐂🍿
  • @amitisinvesting Amit on x
    $PLTR Palantir just had one of the best quarters in history, followed by one of their best earnings calls in history. They are simply one of the most exciting companies in the world that has entered into their growth face with margins that are unheard of in SaaS. Retail
  • @ldignan Larry Dignan on x
    $PLTR has a strong Q3, ups Q4 outlook. Shyam Sankar, CTO, said: “Models continue to improve, but more importantly, the models across both open and closed source are becoming more similar. They are converging, all while pricing for inference is dropping like a rock. This only
  • @either_square @either_square on x
    104 deals over $1M 39% customer count growth YoY Palantir is an unstoppable force. Incredible. [image]