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Palantir Technologies Inc Ordinary Shares - Class A PLTR Stock Quote

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Palantir Driving Commercial Customer Adds on Top of Its Durable Government Business

Business Strategy and Outlook

| Malik Ahmed Khan |

We believe Palantir is well suited to help organizations consolidate and harness the power of data. With its leading position in the government sector with the U.S. and its allies and a growing presence with commercial data applications, we think this narrow-moat company is poised for robust growth and margin expansion as deployment costs are optimized and product acceptance hastens with task-specific modules.

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Business Description

Palantir Technologies provides organizations with solutions to manage large disparate data sets in an attempt to gain insight and drive operational outcomes. Founded in 2003, Palantir released its Gotham software platform in 2008, which focuses on the government intelligence and defense sectors. Palantir expanded into various commercial markets with its Foundry software platform in 2016 with the intent of becoming the data operating system for companies and industries. The Denver company had 125 customers as of its initial public offering and roughly splits its revenue between commercial and government customers.

1555 Blake Street, Suite 250
Denver, CO, 80202
T +1 720 358-3679
Industry Software - Infrastructure
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 3,269

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