Palantir Technologies Q2 2024 Earnings Summary $PLTR
In the latest episode, we delve into Palantir Technologies' Q2 2024 earnings call, where the company reported a remarkable 27% year-over-year revenue growth, buoyed by an impressive 70% increase in US commercial revenue. CEO Alex Karp expressed unparalleled optimism for the company's future, emphasizing Palantir's crucial role in advancing enterprise AI solutions. The firm secured 27 deals exceeding $10 million, contributing nearly $1 billion in Total Contract Value. CFO Dave Glazer boosted full-year revenue guidance to a midpoint of $2.746 billion, supported by a record net income of $134 million and seven consecutive quarters of GAAP profitability. With a significant 83% rise in US commercial customer count, Palantir's innovation pipeline and robust financial health highlight a strategic outlook for continued growth. Tune in for insights on how Palantir is positioned to lead the charge in AI transformation while aligning with national security interests.
