Image Source: Unsplash
Palantir Technologies Inc (NYSE: PLTR) reported first-quarter FY21 revenue growth of 49% year-on-year to $341 million, beating the analyst consensus of $332.23 million.
U.S. commercial revenue grew 72% Y/Y, and U.S. government revenue rose 83% Y/Y. Adjusted operating income was $116.6 million with a margin of 34%. GAAP operating loss was $114.01 million. Palantir clocked adjusted net income was $82.7 million, with adjusted EPS of $0.04 at par with the analyst consensus. Adjusted EBITDA of $119.8 million had a turnaround from last year. The company generated $116.9 million in operating cash flow and held $2.3 billion in cash and equivalents.
Guidance: Palantir sees a Q2 revenue outlook of $360 million, above the analyst consensus of $344.31 million, and a dip in adjusted operating margin to 23%. It expects annual revenue growth of 30% or more from 2021 to 2025.
Price action: PLTR shares traded lower by 8.12% at $16.97 in the premarket session on the last check Tuesday.
Comments
Log in or sign up to join the conversation.