Palantir Technologies Inc. reported third-quarter FY21 revenue growth of 36 percent year-on-year to $392 million, beating the consensus of $385 million.
Revenue Drivers
U.S. commercial revenue grew 103 percent Y/Y. Palantir added 34 net new customers. Commercial customer count increased 46 percent Q/Q.Palantir closed 54 deals of $1 million or more, of which 33 contracts were worth $5 million or more and 18 deals at $10 million or above. The total remaining deal value grew 50 percent Y/Y to $3.6 billion.
