Palantir's Growth Accelerates in Q4 as AI Investments Pay Off
• Palantir's Q4 earnings report showed strong growth, with revenue up 17% and operating income up 28% year-over-year. The company now has 497 customers, up 35%.
• Palantir hosted over 500 "boot camp" seminars in 2023 to showcase its new AI product, fueling 44% private sector customer growth.
• Over the past 3 years, Palantir has doubled its revenue to over $2 billion, despite the tough macro economy and competitive landscape.
• Palantir has $3.7 billion in cash and no debt, though revenue growth is outpacing customer count growth, signaling it is playing the long game with AI.
• With secularity tailwinds from AI adoption, Palantir looks well-positioned for the long term. The Q4 report signals the ride may just be getting started for this stock.