Palantir proves scalable software business model despite criticism of consulting firms
PLTR Palantir Technologies Inc
$198.78 +2.40%
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- 1Palantir recorded $1.94 billion in total revenue for the second quarter, achieving a 93% surge in total revenue year-over-year.
- 2Palantir signed 220 contracts worth over $1 million during the quarter, including 73 contracts worth over $10 million.
- 3Palantir's financial statements tell a story opposite to that of consulting firms, demonstrating a scalable software business model.
So what's the key point?
Palantir's second-quarter revenue increased by 93% compared to last year. This indicates the company is performing well in its software business.
Source The Motley Fool +1 · View original ↗
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