"These numbers validate we were right. Please learn from us. That's what these numbers mean,"
"These are not normal results. These are not even strong results,"
"These aren't extraordinary results. These are arguably the best results that any software company has ever delivered."
Palantir reported roughly $1.2 billion in third-quarter revenue, up 63% year-over-year, beating analyst expectations. Net income reached $476 million, a 40% increase year-over-year. U.S. commercial customers drove growth, expanding 121% year-over-year to $397 million, while government contracts remained strong. Leadership reacted with exuberance, characterizing the results as validating the company’s approach and exceptionally strong for a software business. The company highlighted a Rule of Forty metric of 114%, well above the 40% benchmark. The stock initially rose after the earnings release but fell about 3.5% in after-hours trading after a roughly 400% rally over the past year.
Read at Fortune
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