Palantir Technologies reports Q1 2024 revenue up 21% to $634m, 6th consecutive GAAP profitability quarter.
Palantir Technologies reported a 21% increase in revenue to $634 million in Q1 2024, marking its 6th consecutive quarter of GAAP profitability. The company's adjusted earnings per share were in line with expectations at 8 cents. Commercial revenue in the US grew by 27%, driven by a 40% increase in U.S. commercial revenue. Palantir's customer count grew by 42% year-over-year and 11% on a quarter-over-quarter basis.
May 06, 2024
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