Q4 2024 Palantir Technologies Inc Earnings Call Transcript
Key Points
- Palantir Technologies Inc (PLTR) reported a 36% year-over-year revenue growth in Q4 2024, exceeding prior guidance by over 900 basis points.
- The US business showed significant strength, with a 52% year-over-year growth in Q4, driven by both commercial and government sectors.
- Palantir Technologies Inc (PLTR) achieved a Rule of 40 score of 81 in Q4, indicating strong revenue growth combined with profitability.
- The company closed $1.8 billion in total contract value (TCV) in Q4, marking a 56% increase year over year.
- Palantir Technologies Inc (PLTR) reported an exceptional cash flow quarter with adjusted free cash flow of $517 million, representing a margin of 63%.
- International commercial revenue growth was relatively modest at 3% year over year in Q4.
- Revenue from strategic commercial contracts is expected to decline significantly in Q1 2025.
- The European market showed slower growth, with only 4% growth on 13% of the company's business.
- Palantir Technologies Inc (PLTR) faces challenges in expanding its presence in Europe due to cultural and strategic differences.
- The company anticipates a more significant increase in expenses in 2025 as it invests in technical hires and product pipeline.
Good afternoon. I'm Ana Soro from Palantir's finance team, and I'd like to welcome you to our fourth-quarter of 2024 earnings call. We'll be discussing the results announced in our press release issued after the market close and posted on our investor relations website.
During the call, we will make statements regarding our business that may be considered forward-looking within applicable securities laws, including statements regarding our first quarter in fiscal 2025 results, management's expectations for our future financial and operational performance, and other statements regarding our plans, prospects, and expectations.
These statements are not promises or guarantees and are subject to risks and uncertainties, which could cause them to differ materially from actual results.
Information concerning those risks is available in our earnings press release distributed after the market closed today and in our SEC filings. We undertake no obligation to update forward-looking statements except as required by law.
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