Form 8-K · Current Report · Filed 2024-08-05
Palantir Reports Strong Q2 2024 Financial Results and Raises Guidance
Palantir Technologies Inc. reported a 27% year-over-year revenue growth to $678 million for Q2 2024, driven by strong US commercial revenue growth of 55% YOY. The company also announced a GAAP EPS of $0.06, a 500% increase from the prior year. Palantir raised its full-year 2024 revenue guidance to between $2.742 - $2.750 billion and adjusted income from operations guidance to between $966 - $974 million. The investor presentation and CEO letter were also published on the company's website.
- Filer
- Palantir Technologies Inc. PLTR · NASDAQ
- Filed
- Accession
- 0001321655-24-000133
- CIK
- 0001321655
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Regulation FD Disclosure
Financial Statements and Exhibits
Market reaction
Close before filing
$24.74
Next session
+7.5%
Since filing
+397.4%
Latest close
$123.06
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Precedent
Previous filings from PLTR reporting the same item, with the next session's move:
Exhibits (1)
About Palantir Technologies Inc.
Palantir Technologies Inc. is a public technology company known for its specialization in big data analytics. The company offers software platforms such as Palantir Gotham and Palantir Foundry, which are designed to integrate, manage, and analyze vast datasets. Its primary function is to assist organizations in making informed, data-driven decisions. Palantir caters to a diverse client base, including government agencies, financial institutions, healthcare providers, and manufacturing companies. The company’s products are instrumental in sectors that require complex and insightful analysis of data, such as national security, finance, and pharmaceuticals. Headquartered in Denver, Colorado, and founded in 2003, Palantir has maintained a vital role in the technological advancements of data intelligence. Its impactful contribution to the digital transformation landscape emphasizes its importance in addressing modern data challenges across various industries globally.
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