Palantir Technologies beats by $0.03, beats on revs; guides Q1 revs above consensus; guides FY25 revs above consensus (83.74 +1.25)
- Reports Q4 (Dec) earnings of $0.14 per share, excluding non-recurring items, $0.03 better than the FactSet Consensus of $0.11; revenues rose 36.0% year/year to $827.52 mln vs the $775.91 mln FactSet Consensus.
- U.S. commercial revenue grew 64% year-over-year and 20% quarter-over-quarter to $214 million.
- U.S. government revenue grew 45% year-over-year and 7% quarter-over-quarter to $343 million.
- Customer count grew 43% year-over-year and 13% quarter-over-quarter.
- U.S. commercial revenue grew 64% year-over-year and 20% quarter-over-quarter to $214 million.
- Co issues upside guidance for Q1, sees Q1 revs of $858-862 mln vs. $799.37 mln FactSet Consensus.
- Co issues upside guidance for FY25, sees FY25 revs of $3.741-3.757 bln vs. $3.5 bln FactSet Consensus.
- U.S. commercial revenue in excess of $1.079 billion, representing a growth rate of at least 54%.
- Adjusted income from operations of between $1.551 - $1.567 billion.