Loading...
Loading...
- Palantir Technologies Inc PLTR reported second-quarter FY21 revenue growth of 49% year-on-year to $375.6 million, beating the analyst consensus of $353.23 million.
- Revenue Drivers: U.S. commercial revenue grew 90% Y/Y. Palantir added 20 customers, growing 13% Q/Q. Commercial customer count increased 32% Q/Q.
- Palantir closed 62 deals of $1 million or more, of which 30 contracts were worth $5 million or more and 21 deals at $10 million or above.
- Margins: The adjusted operating margin expanded 2,000 bps to 31% as the costs rose 52.5% Y/Y. The adjusted EBITDA margin rose 1,900 bps to 32%.
- Palantir held $2.4 billion in cash and equivalents and generated $23 million in operating cash flow and $50 million in adjusted free cash flow.
- Adjusted EPS of $0.04 beat the analyst consensus of $0.03.
- Outlook: Palantir sees Q3 revenue of $385 million above the analyst consensus of $376 million. It considers an adjusted operating margin of 22%.
- Palantir raised FY21 adjusted free cash flow outlook to $300 million+ from $150 million+.
- It continues to see annual revenue growth of 30% or greater for 2021 through 2025.
- Price Action: PLTR shares traded higher by 9.13% at $24.39 in the premarket session on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in