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Palantir Posts Record Revenue as Enterprise Contract Value Falls

1 reports 1 reporting sources Updated 3 hours ago

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Palantir reported third-quarter revenue of $2.31 billion, up 96% year over year, and said U.S. commercial revenue exceeded U.S. government revenue for the first time. The results set a company record, while a drop in new U.S. enterprise contract value raised questions about the pace of commercial growth. Palantir closed $1.46 billion in U.S. enterprise total contract value, down from $2.13 billion in the previous quarter. CEO Alex Karp said enterprise customers are moving faster to deployment but often begin with shorter contracts.

Generated by AI from reports · Updated 2 hours ago

Latest development11/4 05:05 (UTC+8)
Palantir’s Strong Quarter Hides a Potential Signal of Slowing Enterprise SalesTechCrunch · AI

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11/4
  1. TechCrunch · AI
    Palantir’s Strong Quarter Hides a Potential Signal of Slowing Enterprise Sales

    Palantir reported third-quarter revenue of $2.31 billion, up 96% year over year, and U.S. commercial revenue exceeded U.S. government revenue for the first time. CEO Alex Karp said enterprise customers are moving faster to deployment but often start with shorter contracts. The company closed $1.46 billion in U.S. enterprise total contract value, down from $2.13 billion in the previous quarter, raising questions about the pace and durability of its commercial growth.

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