Alex Karp, CEO of Palantir Technologies Inc. During a Bloomberg Technology at the Foundrycon event in Palo Alto, California, the United States, on Thursday, March 7, 2024.
David Paul Morris Bloomberg Gety pictures
Baldir The shares increased by more than 15 % in trading on Monday after the software company announced the profits of the fourth quarter and the revenues that exceeded the estimates of Wall Street.
Here is how Palantir did for estimates from the analysts included in Lseg:
- Arrow’s profits: 14 cents, expected for 11 cents
- profit: 828 million dollars for $ 776 million expected
Along with the fourth quarter win, Baltreer provided better instructions than expected. The company said it expected revenues ranging between 858 million dollars and 862 million dollars, before the estimate of LSEG of $ 799 million. For the whole year, Palantir expected sales of $ 3.74 billion to $ 3.76 billion, with an average estimate of $ 3.52 billion.
Palantir is the main provider of software and technology services for defense agencies. CEO Alex Carb attributed the company a lot to its use of artificial intelligence.
“The results of our work continues to be completed, which indicates our in -depth situation in the midst of the artificial intelligence revolution,” Carb said in issuing profits. “Our early vision surrounding the commodities of large language models from theory to reality has evolved.”
Revenue increased by 36 % in a quarter of $ 608.4 million in the previous year. For the whole year, sales increased 29 %. “In contrast to anything that happened before”.
Balnter said that its US trade revenues grew by 64 % from last year to 214 million dollars, while the US government’s revenues increased by 45 % year on year to $ 343 million.
“We are still in the early stages, the beginning of the first chapter, for a revolution that will be issued over the years and decades,” Carb said, adding that the company “was preparing for this moment hard for more than twenty years.”
The results follow a huge gathering in the Palantir share, which increased by 340 % in 2024. The company joined the S&P 500 and NASDAQ 100 last year.
Paltire benefited from the mutation in the Importary Intelligence after the ChatgPt version of Openai in late 2022. In an interview with CNBC last week, Karp said that Baldir is ready to lead the transformation of American companies, and stressed that the US strengthening is for it is the strengthening of the United States is It has to strengthen the United States for her “primary goal.”
KARP also responded to the recent concerns surrounding Deepseek in China, which struck the financial markets at early last week and raised fears of the huge spending that was converted into infrastructure, Amnesty International and Technical progress in China.
“Technology is not good in nature,” he told CNBC’s Sara Eisen in the interview. “We have to admit it, but this also means that we must run more difficult, run faster, and we have an effort throughout the country.”
He watches: CNBC interview with the CEO of Palantir Alex Karp
