Palantir-Aktie explodiert nach Zahlen: Ungebrochene KI-Nachfrage from

Palantir stock soars after earnings: Unbroken demand for AI

Palantir Technologies (NYSE: PLTR) stock price jumped 21% after the US software company reported better-than-expected results for the fiscal fourth quarter ended December 31, 2022.

The company topped analysts’ estimates for both earnings and revenue. It reported $509 million in revenue that represents a 18% annualised growth and beat the FactSet consensus by $16.46 million.

Its adjusted loss per share of 3 cents was also narrower than the 6 cents loss that analysts had forecast. Palantir attributed its strong performance to solid demand for its artificial intelligence (AI) software from both public and commercial customers.

Key growth drivers

Palantir said that its commercial revenue grew by 34% year-over-year to $218 million in the fourth quarter. This segment now accounts for 43% of its total revenue.

The company also noted a 12% annualised growth in its government revenue to $291 million. Its government business is still bigger than the commercial segment but its growth has been relatively slower.

Palantir attributed its strong growth to increased demand for its AI software from various industries, including healthcare, energy, and manufacturing.

Palantir's partnerships

The company has also been benefiting from its partnerships with some of the world's biggest companies, including IBM (NYSE: IBM), Amazon (NASDAQ: AMZN), and Microsoft (NASDAQ: MSFT).

For example, its partnership with IBM allows it to offer its software to IBM's customers. Similarly, its partnership with Amazon allows its software to be integrated with Amazon Web Services (AWS).

Outlook

Palantir expects its revenue to grow by 20% to $2.4 billion in fiscal 2023. It also expects its adjusted operating margin to improve to 26%. This guidance was slightly below what analysts were expecting.

Despite the slight disappointment in its outlook, analysts are bullish about Palantir's long-term growth prospects. They believe that the company is well-positioned to benefit from the growing demand for AI software.

Conclusion

Palantir's stock price has been on a rollercoaster ride in recent months. It hit a record high of $45 in early 2021 but has since fallen by more than 80%.

However, the company's latest results show that its business is still growing strongly. This, coupled with its partnerships with some of the world's biggest companies, makes it a long-term buy for investors who believe in the future of AI.