Palantir tops $1 billion in revenue for the first time, boosts guidance

Core Insights - Palantir Technologies surpassed Wall Street estimates by achieving over $1 billion in quarterly revenue for the first time, leading to a share price increase of more than 5% [1] - The company reported a revenue growth of 48% during the period, exceeding analysts' expectations [1] - Palantir raised its full-year revenue guidance to between $4.142 billion and $4.150 billion, up from the previous estimate of $3.89 billion to $3.90 billion [2] Financial Performance - Earnings per share were reported at 16 cents, adjusted, compared to the expected 14 cents [3] - Revenue reached $1.00 billion, surpassing the expected $940 million [3] Management Commentary - CEO Alex Karp noted a significant acceleration in business growth after years of investment, indicating a shift in perception among skeptics [2]