Summary by Moomoo AI
Palantir Technologies Inc. reported a robust financial performance for the third quarter ended September 30, 2024, with a 30% year-on-year increase in quarterly revenue, reaching $725.5 million compared to $558.2 million in the same period of 2023. The company's income from operations for the quarter was $113.1 million, a significant rise from $40.0 million in the previous year. The gross profit margin remained strong at 80%, although slightly down from 81% in 2023. Over a nine-month period, Palantir's revenue grew by 26% to $2.0 billion, and income from operations increased to $299.4 million from $54.2 million in the prior year. The company's customer base expanded to 629, up from 453 in the previous year, with the average revenue from the top twenty customers growing by 12%. Palantir's business development has been...Show More
