Key Financial Metrics:
- Revenue: $533 million, up 13% YoY, up 2% QoQ
- Significant contributions from U.S. commercial segment with 20% YoY growth and expansion in customer base.
- Net Income: $28 million, marking profitability for three quarters in a row.
- Operating Income: $10 million, reflecting an operating margin of 1.9%.
- Adjusted Gross Margin: 81% for the quarter, underscoring efficient cost management.
- Customer Base Growth: 421 total customers, growing 38% YoY, with a significant uptick in large-cap accounts.
- Management indicated a strong pipeline with $3.4 billion total deal value, highlighting demand across multiple sectors.
Karp noted, "The convergence of AI technologies has remade Palantir... we see a market that is hungry to apply AI to transform our businesses."