Palantir Technologies Inc. Announces Stellar Q4 Earnings

In a remarkable financial disclosure, Palantir Technologies Inc. reported a 36% surge in its fourth-quarter revenue for the fiscal year 2024, reaching an impressive $828 million. This performance not only exceeded analysts' expectations but also marked a significant milestone in the company's growth trajectory. The net income for the quarter saw a 10% increase from the previous year, amounting to $79 million, with diluted earnings per share (EPS) standing at $0.03.

Full-Year Financial Highlights

Reflecting on the entire fiscal year 2024, Palantir's revenue experienced a 29% year-over-year growth, totaling $2.87 billion. The company's net income also saw a substantial improvement, rising by 16% to $462 million, and the EPS was recorded at $0.19. Looking ahead, Palantir has set an optimistic revenue forecast for the first quarter of 2025, projecting figures between $858 million and $862 million. The full-year revenue guidance for 2025 is even more ambitious, expected to range between $3.741 billion and $3.757 billion.

Leadership's Perspective

Alexander Karp, the Chief Executive Officer of Palantir, expressed his enthusiasm about the company's achievements, stating, "Our business results continue to astound, demonstrating our deepening position at the center of the AI revolution. Our early insights surrounding the commoditization of large language models have evolved from theory to fact." This statement underscores Palantir's commitment to innovation and its pivotal role in shaping the future of artificial intelligence.