Palantir topped estimates with its quarterly figures

Palantir topped estimates with its quarterly figures

The American software company specialized in big data analytics and tools for the defense industry, and large corporations beat estimates with its Q1 2021 figures

Palantir reported an adjusted EPS of 4 cents, on revenues of $341 million. According to data from Refinitiv, the market was looking for EPS o 4 cents and $332.2 million in revenue. Compared to the same quarter last year, revenue went up 49%.

The company revealed that US government revenue increased 83% year-over-year. At the same time, the average revenue per customer reached $8.1 million.

For Q2, Palantir expects revenue of $360 million, topping the $344.3 million consensus. It anticipates an adjusted free cash flow for the full fiscal year above $150 million. It also reiterated that it sees its annual revenue growth of 30% or more starting 2021 through 2025.

As of Monday close, Palantir’s market value reached $30.44 billion.

Source: cnbc.com

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