Palantir Technologies Inc. (PLTR), the leading AI software firm, unveiled its fiscal first-quarter earnings on Monday, May 6, 2024, with the top-line results exceeding analysts’ expectations while the bottom-line matched forecasts. Palantir’s CEO exuded enthusiasm about the company’s performance, stating, “We are on fire.”
In the three-month period that ended March 31, 2024, PLTR reported a revenue of $634.34 million, up 20.8% year-over-year. Its non-GAAP EPS increased to $0.08 from $0.05 per share in the year-ago period. According to CNBC, Wall Street had expected revenue of $625 million and earnings of 8 cents per share.
