Impressive Financial Growth

Palantir Technologies Inc. announced a significant 36% increase in revenue for the fourth quarter of fiscal year 2024, reaching $828 million and exceeding analysts' predictions. The company also reported a 10% rise in net income to $79 million compared to the same period in 2023, with diluted earnings per share (EPS) at $0.03.

Yearly Performance Highlights

For the entire fiscal year 2024, Palantir's revenue grew by 29% year-over-year to $2.87 billion. Net income saw a 16% improvement, totaling $462 million, and EPS was recorded at $0.19. Looking ahead, the company forecasts its revenue for the first quarter of 2025 to be between $858 million and $862 million, with full-year 2025 revenue expected to range from $3.741 billion to $3.757 billion.

Leadership's Perspective

"Our remarkable business results underscore our pivotal role in the AI revolution. What started as early insights into the commoditization of large language models has now become a tangible reality," stated Alexander Karp, Chief Executive Officer of Palantir.