Alex Carp, Palenter Technologies Inc.’s CEO, during a Bloomberg Technology Television Interview, Thursday, March 7, 2024 during the Foundricon event in Palo Alto, California, US.
David Paul Morris | Bloomberg | Getty images
Palatir The shares increased by 23% in extended trading on Monday after the software company informed the fourth quarter earnings and revenue, which exceeded the estimates of Wall Street.
Here is how Palantir estimated from analysts voted by LSEG:
- earnings per share: 14 cents, adjusted vs 11 cents required
- Income: $ 828 million vs $ 776 million is expected
In the fourth quarter, with beat, Palantir offered better-preserved guidance. The company said it expects revenue between $ 858 million and $ 862 million, beyond the LSE estimate of $ 799 million. For the whole year, Palantir estimates the sale of $ 3.74 billion to $ 3.76 billion, topping the $ 3.52 billion average estimate.
Palantir is a major provider of software and technology services for defense agencies. CEO Alex Carp blamed a lot for the development of the company for the use of Artificial Intelligence.
Carp said in the earnings release, “Our business results continue to be surprised, demonstrating our deep position at the center of the AI ​​revolution.” “Our initial insight to the fact around the commoditization of the large language model has evolved to the fact.”
Revenue in this quarter increased by $ 608.4 million to 36% a year ago. For the whole year, sales increased by 29%. Carp said in a letter to the shareholders that the speed that the company is experiencing in its commercial and government sectors is opposite to “anything that has come before”.
Palauntir said that its US commercial revenue increased by 64% to $ 214 million from a year ago, while the US government increased by 45% to $ 343 million on the year. The company said it was expected that US commercial sales in 2025 would increase at least 54% to about $ 1.08 billion.
“We are still in the early stages, the first act starts, of a revolution that will play for years and decades,” said, the company has been preparing for this moment for more than twenty years. ,
The results follow a large -scale rally in Palantir’s stock, which increased by 340% in 2024. Company S&P 500 joined both And last year Nasdaq 100.
Palantir has benefited from a bounce in liberal AI after the release of Openai’s Chatgate at the end of 2022. Interview with CNBC Last week, Carp said that Palantir is ready to lead the change of American companies, and he said that it is its “primary objective” to strengthen America.
Carp also responded to the recent concerns around the climb of China’s Deepsak, which pumiled the financial markets early last week and feared heavy expenses that the megacaps made a fantasy in AI Infrastructure and China’s technological progress. Is.
“Technology is not naturally good,” he told CNBC’s Sara Eisen in an interview. “We have to accept this, but it also means that we have to run hard, run fast, an all-creation effort.”
