PLTR
Palantir Technologies' stock experienced a significant surge, driven by the company's robust fourth-quarter earnings report. The enterprise software firm reported a notable increase in U.S. commercial revenue, which grew by 70% year-over-year, and an impressive 55% surge in customer count, reaching 221. This growth contributed to a 107% year-over-year increase in total commercial contract value, amounting to $343 million. Additionally, government sales also saw a solid increase, rising by 11% year-over-year, with a 35% rise in government customer count.
Despite mixed guidance for the upcoming quarter, with Q1 revenue expected to be slightly below consensus, the company's full-year revenue outlook remains strong. Palantir forecasts Q1 sales to be between $612 million and $616 million, just shy of the analysts' expectation of $617.44 million. However, the full-year revenue is anticipated to range from $2.652 billion to $2.66 billion, exceeding the consensus estimate of $2.64 billion. This optimistic outlook, coupled with the company's strong performance in the fourth quarter, has contributed to the surge in Palantir's stock, reflecting investor confidence in the company's growth trajectory and potential in the rapidly evolving tech landscape
