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Alex Karp, Executive Director of Palantir Technologies Inc., during a television interview at Bloomberg Technology during the Foundrycon event in Palo Alto, California, USA UU., Thursday, March 7, 2024.
David Paul Morris | Bloomberg | Getty images
Palantir The shares increased more than 15% in extended operations on Monday after the software company reported profits and income from the fourth quarter that exceeded Wall Street estimates.
This is how Palantir did versus the estimates of the analysts surveyed by LSE:
- Profit per action: 14 cents, adjusted to 11 expected cents
- Revenue: $ 828 million compared to $ 776 million
Together with the rhythm of the fourth quarter, Palantir offered a better guide than expected. The company said it expects revenues of between $ 858 million and $ 862 million, before an Estimate of LSE of $ 799 million. For the whole year, Palantir predicted sales from $ 3.74 billion to $ 3.76 billion, exceeding the average estimate of $ 3.52 billion.
Palantir is an important software and technology service provider for defense agencies. CEO Alex Karp attributed much of the company’s growth to the use of artificial intelligence.
“Our commercial results continue to be amazed, demonstrating our position of deepening in the center of the AI Revolution,” Karp said in the profit statement. “Our initial ideas that surround the commercialization of models of large languages have evolved from theory to fact.”
Income increased 36% in the quarter of $ 608.4 million a year before. For the whole year, sales increased by 29%. Karp told shareholders that the impulse that the company is experiencing in its commercial and government segments is “different from everything that has come before”
Palantir said that its commercial income from the United States grew 64% for a year to $ 214 million, while the US government revenues increased 45% year after year to $ 343 million.
“We are still in the early stages, the beginning of the first act, of a revolution that will take place for years and decades,” said Karp, adding that the company “has been preparing for this moment diligently for more than twenty years.”
The results follow a mass demonstration in Palantir’s actions, which shot 340% in 2024. The company He joined S&P 500 so much and Nasdaq 100 last year.
Palantir has benefited from the boom of the generative AI after the launch of Operai chatpt at the end of 2022. In a Interview with CNBC Last week, Karp said Palantir is ready to lead the transformation of American companies, and said that strengthening the United States is their “main objective.”
Karp also responded to the recent concerns surrounding Deepseek from China, which hit financial markets earlier last week and stimulated fears about the strong megacaps of expenses that have been channeled in the AI infrastructure and technological advances from China.
“Technology is not inherently good,” he said SARA EISEN DE CNBC In the interview. “We have to recognize that, but that also means that we have to run harder, run faster, have an effort throughout the country.”
