Palantir Technologies Inc delivered a strong performance in Q4 2023, reporting revenues of $608 million, marking a 20% increase year-over-year (YoY) and a 9% sequential rise. The company’s commercial business, bolstered by the success of its Artificial Intelligence Platform (AIP) and innovative go-to-market bootcamp strategy, drove a remarkable 70% growth in revenue within the U.S. commercial sector. Management emphasized a robust demand increase for AIP, revealing that new customer acquisitions rose sequentially by 22% due to successful bootcamp conversions. The year ended with significant cash flows and profitability improvements, positioning Palantir for substantial growth in FY 2024. Overall, the company's ability to generate over $300 million in free cash flow in Q4 reflects its strong operational health amidst an expanding market opportunity.