PLTR was going through a series of beating in the last couple of months. Guess what it survived. And investors are doing some serious heavy lifting at the moment to get him back to the rank and place where it belongs to. What would make you think there is a higher rank for them than they are already on.
For your information, Palantir is one of the leading big data companies with a shining past and an even brighter future. This American software company keep winning contract after contract with the American Government. They have deep pockets and are fast approaching the top. It doesn't seem to be slowing down at all.
PLTR is beating on analyst prediction regarding Q2 reports and also came forward and increasing on Q3 expectations. Obviously, the investors like this courage and put their money where their mouth is. PLTR shares exploded today on the news. We might see PLTR back at $40 shortly.
Q2 2021 Highlights
Total revenue grew 49% year-over-year to $376 million
US commercial revenue grew 90% year-over-year
Closed 62 deals of $1 million or more, of which:
30 deals are $5 million or more
21 deals are $10 million or more
20 net new customers added in Q2 2021, total customers up 13% quarter-over-quarter
Commercial customer count increased 32% quarter-over-quarter
Cash flow from operations of $23 million, representing a 6% margin
Adjusted free cash flow of $50 million, representing a 13% margin
GAAP net loss per share, diluted of ($0.07)
Adjusted earnings per share, diluted of $0.04
H1 2021 Highlights
Total revenue grew 49% year-over-year to $717 million
Commercial customer count increased 61% since December 31, 2020
Cash flow from operations of $140 million, representing a 19% margin
Adjusted free cash flow of $201 million, representing a 28% margin
If you are interested in the full report you can find it below.
Invest NF recommendation BUY
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