Summary by Moomoo AI
Palantir Technologies Inc. (Palantir) reported a robust financial performance for the quarter ended June 30, 2024, with a 27% year-on-year increase in quarterly revenue, reaching $678.1 million compared to $533.3 million in the same period of 2023. The company's operating income for the quarter was $105.3 million, a significant rise from $10.1 million in the previous year. The adjusted operating income, excluding stock-based compensation, was $253.6 million. Palantir's gross profit for the quarter stood at $549.6 million, with a gross margin of 81%. Over a six-month period, the company's revenue grew by 24% to $1.3 billion, with a gross profit of $1.1 billion and a gross margin of 81%. The company's customer base expanded to 593, including both commercial and government clients, up from 421 in the previous year...Show More
