Q1 Segment Performance:
🔸 US Commercial Revenue: $150M; UP +40% YoY
🔸 Commercial Revenue: $299M; UP +27% YoY
🔸 Government Revenue: $335M; UP +16% YoY
🔸 US Government Revenue: $257M; UP +12% YoY
Key Metrics and Other Information:
🔹 Adjusted EBITDA: $234.9M; Margin 37%
🔹 Cash from Operations: $129.6M; Margin 20%
🔹 Adjusted Free Cash Flow: $148.6M; Margin 23%
🔹 Customer Count: Grew 42% YoY
🔹 Operating Profit: $80.9M vs. $4.12M YoY 🟢
Strategic and Operational Highlights:
🔸 Conducted 660 boot camps, closed 87 deals worth $1M+ each.
🔸 US Commercial customer count in the segment increased by 69% YoY.
🔸 Raised US commercial revenue forecast to above $661M.
CEO and Executive Commentary:
🔸 "AIP is driving a huge part of both our new customers and growth within existing customers and its having a huge impact on our business," - Chief Revenue Officer Ryan Taylor.
🔸 Continued focus on reducing reliance on government spending, with robust growth in the commercial sector.
$PLTR | Palantir Q1'24 Earnings Highlights:
🔹 Revenue: $634M (Est. $615.8M) 🟢; UP +21% YoY
🔹 Adj EPS: $0.08 (Est. $0.08) 🟡
🔹 Adj Operating Profit: $226.5M (Est. $198.2M) 🟢; UP +81% YoY
Raised FY'24 Outlook:
🔹 Revenue: $2.68B-$2.69B (Previous $2.65B-$2.67B, Est. $2.68B) 🟢
🔹 Adj Operating Profit: $868M-$880M (Previous $834M-$850M, Est. $846.6M) 🟢
🔹 Adjusted Free Cash Flow: Maintains $800M-$1B
Q2 Guidance:
🔹 Revenue: $649M-$653M (Est. $641.2M) 🟢
🔹 Adj Operating Profit: $209M-$213M (Est. $198.6M) 🟢
Q1 Segment Performance:
🔸 US Commercial Revenue: $150M; UP +40% YoY
🔸 Commercial Revenue: $299M; UP +27% YoY
🔸 Government Revenue: $335M; UP +16% YoY
🔸 US Government Revenue: $257M; UP +12% YoY
Key Metrics and Other Information:
🔹 Adjusted EBITDA: $234.9M; Margin 37%
🔹 Cash from Operations: $129.6M; Margin 20%
🔹 Adjusted Free Cash Flow: $148.6M; Margin 23%
🔹 Customer Count: Grew 42% YoY
🔹 Operating Profit: $80.9M vs. $4.12M YoY 🟢
Strategic and Operational Highlights:
🔸 Conducted 660 boot camps, closed 87 deals worth $1M+ each.
🔸 US Commercial customer count in the segment increased by 69% YoY.
🔸 Raised US commercial revenue forecast to above $661M.
CEO and Executive Commentary:
🔸 "AIP is driving a huge part of both our new customers and growth within existing customers and its having a huge impact on our business," - Chief Revenue Officer Ryan Taylor.
🔸 Continued focus on reducing reliance on government spending, with robust growth in the commercial sector.