Posted 1/8/2024, 3:15:00 PM
Palantir's Bootcamp Strategy and AI Growth Fuel Profitable 2023, Setting Stage for Revenue Acceleration
- Palantir's 2023 growth was driven by new AI product (Palantir AI Platform) and creative customer acquisition strategies like bootcamps
- Palantir achieved 4 straight quarters of GAAP net income profitability in 2023
- Revenue growth lagging behind 30%+ customer growth rate signals significant future potential
- Current valuation looks attractive compared to other high-growth software stocks
- 2024 could see accelerating revenue/profit growth as new customers start ramping up usage of Palantir's platforms