Palantir Technologies Inc reported first-quarter FY22 revenue growth of 31 percent year-on-year to $446 million, beating the consensus of $443.4 million.
Revenue Drivers
Commercial revenue grew 54 percent Y/Y. U.S. commercial revenue rose 136 percent Y/Y. Palantir customer count grew 86 percent Y/Y. Government revenue grew 16 percent Y/Y.Margins
The adjusted operating margin contracted 800 bps to 26 percent as costs rose 2.7 percent Y/Y.Palantir held $2.3 billion in cash and equivalents and generated $35 million in operating cash flow.
