Other reviews to read from this season:
Table of Contents
a. Key Points
- Maven continues to be deployed across more parts of the US government.
- A change in deal classification during the quarter altered segment-level results vs. expectations.
- Rule of 40 Score rose to 145.
- Artificial Intelligence Platform (AIP) can't meet all of its currently elevated demand.
b. Demand
- Beat revenue estimates by 5.8% & beat guidance by 6.3%.
- U.S. commercial revenue missed estimates by 1.3%. More on why later in the piece.
- U.S. government revenue beat estimates by 12.5%.
- International commercial revenue beat estimates by 13.7%.
- International government revenue beat estimates by 5%.
- Billings beat estimates by 10%.
- Revenue growth from its top 20 customers rose 55% Y/Y, as it posted an incredible 150% (NRR).
c. Profits & Margins
- Beat 84.8% GPM estimates by 310 basis point (bps; 1 basis point = 0.01%.).
- Beat EBIT estimates by 12.3% & beat guidance by 12.7%.
- Beat $0.28 GAAP EPS estimates by $0.06.
- Beat FCF estimates by 5%.
- Palantir's rule of 40 score is an astoundingly amazing 145.
- Revenue per employee continues to briskly rise as they don't grow headcount despite rapid growth.
d. Balance Sheet
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