$Palantir Technologies Inc.(PLTR)$After studying the earning report of Palantir, i have noticed that their user acquisition rate has improved tremendously ever since being listed late last year.
And based on the figures, the growth for theUS commercial revenue has grown 90% Y-O-Y. Closing 113 contracts of $1 million, $5 million and $10 million. Which is a very exciting number to see for me as an investor.
Adding on to that, they are acquiring more commercial customers which definitely gives them a better profit margin in comparison togovernment projects.
On top of that, they have reported a positiveEPS of 0.04, which is 33% higher than the forecast! This is also a sign of their ability toscale!
Key highlights for the 1st half of 2021:
- Revenue grew 49% to 717mil Y-O-Y
- Commercial customers increased 61% in 6months
- More cash flow from operations
This is definitely a good company to hold in the portfolio for a long term growth potential as their brand awareness increases across various industries like energy.
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