For Palantir, the fourth fiscal quarter of 2023 ended with a jump in sales. After 509 million US dollars, the company had sales of 608.4 million US dollars in the reporting period, exceeding analyst estimates of 603 million US dollars.
Earnings per share were $0.08 in the quarter under review, compared to $0.04 per share a year ago and EPS expert estimates of $0.070.
Forecast within expectations
For the current first quarter, the company is targeting sales of between 612 and 616 million US dollars, and adjusted operating income is expected to be between 196 and 200 million US dollars. For the full fiscal year 2024, Palantir plans to generate sales of between $2.652 and $2.668 billion and achieve adjusted operating income of $834 to $850 million, while adjusted free cash flow is expected to be between $800 million and one billion.
This outlook is in line with expectations.
CEO with confidence
Company boss Alexander C. Karp is confident in his annual letter to shareholders. “Our expansion and growth both as a company and as an organization have never been greater,” said the manager. “Our results reflect both the strength of our software and the increasing demand we are seeing across all industries and sectors for artificial intelligence platforms […] see”.
The CEO also pointed out that Palantir has positioned itself as a “fundamentally new software company” “after nearly two decades of investment.”
In trading on the NYSE, Palantir shares rose 30.74 percent to $21.86.
Editorial team finanzen.ch