The data-software company reported Monday afternoon that it saw fourth-quarter net income of $31 million, or 1 cent a share, whereas it lost $156 million, or 8 cents a share, in the year-earlier period. Palantir PLTR, +1.33% also anticipates it will be profitable on a GAAP basis in 2023.“Our commitment to and relentless focus on the long term at times has required patience,” Karp said in the latest shareholder letter.
The combination of Palantir’s GAAP profit and top-line growth “leaves us very, very excited,” he said.Read: Microsoft has a long path of earnings growth ahead, says Morgan Stanley Revenue rose 18% to $509 million from $433 million a year ago, whereas the FactSet consensus was for $503 million. Palantir said its commercial revenue grew 11% in the fourth quarter, while U.S. commercial revenue was up 12%. Overall government revenue increased 23%, whereas U.S. government revenue rose 22%.
Genius. Keep it up 📈 🚀 $PLTR peterthiel PalantirTech
Verify the accounting ... you never know !!
Couldn't you have told us this yesterday?