Palantir (NYSE:PLTR) Q1 revenue up 21%, hits profit again
Palantir Technologies (NYSE:PLTR) recently released its financial results for the first quarter ended March 31, 2024, marking noteworthy achievements.
The data analytics firm reported a significant 21% year-over-year revenue growth, reaching $634 million, and declared its sixth consecutive quarter of GAAP profitability, with net income at $106 million.
This performance translates to a GAAP EPS of $0.04.
Notably, the U.S. commercial revenue surged by 40% year-over-year and 14% quarter-over-quarter, totalling $150 million.
The company anticipates maintaining a positive trajectory, with projected Q2 2024 revenue between $649-$653 million and an adjusted income from operations between $209-$213 million.
Full story: https://grafa.com/news/palantir--nyse-pltr--q1-revenue-up-21---hits-profit-again-218279
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