Palantir Technologies Inc. just notched its fourth quarterly GAAP profit in a row, and executives at the software company are cheering its traction in artificial intelligence.The company early Thursday posted net income of $72 million, or 3 cents a share, whereas Palantir recorded a net loss of $124 million, or 6 cents a share, in the year-earlier period.
On an adjusted basis, Palantir reported 7 cents in earnings per share, ahead of the FactSet consensus, which was for 6 cents. Ryan Taylor, the company’s chief revenue officer, said Palantir has revamped its go-to-market strategy to focus on so-called boot camps that help customers get acquainted with the product more quickly. “We deliver the product to customers and deliver real workflow at the end of that,” he said, something that’s had “a huge impact on unit economics.”
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla hits 5-month low, down 20% from Q3 earnings, amid fading EV demandTesla shares have lost more than $150 billion in value since posting disappointing third quarter earnings and hinting at weakened demand over the final months of the year.
Source: startelegram - 🏆 248. / 63 Read more »