Adm1n - May 11, 2021. Palantir Technologies (NYSE:PLTR) issued an update on its second quarter 2021 earnings guidance on Tuesday morning. We continue to view cloud providers as channels. I'll turn the call over to Shyam to get us started. Palantir Technologies Inc. (NYSE: PLTR) Q1 2021 Earnings Call May 11, 2021, 8:00 a.m. Market data powered by FactSet and Web Financial Group. The same for GCP and with system integrators, by definition, you're building. I think when I just think about the two and a half x qualified pipeline that's been created since February 1, and then I think about the doubling of the pilot we're seeing about a third of those have already turned into something. Palantir (PLTR) Q1 2021 earnings. May 10, 2021 May 10, 2021. Information concerning those risks is available in our earnings press release distributed prior to today's call and in our SEC filings. Palantir rose 9.4% to close at 20.21 on the stock market today . The company issued revenue guidance of $360 million-$360 million, compared to the consensus revenue estimate of $344.31 million. Gold declined toward the 200-day SMA on Wednesday. Home Palantir Technologies Inc. (PLTR) Latest Calls; Upcoming Calls; PLTR. We continue to win deals in Europe. David Glazer — Chief Financial Officer and Treasurer. Lyft’s revenue fell 36%, to $609 million, compared to the same period last year. People use our product for their day-to-day job, their day-to-day mission. Kevin, I'll stick with you as next question is in the similar vein. And you're going to see this again with Apollo for Edge AI. It's Brent Thill at Jefferies. The company provided EPS guidance of - for the period. You can check out some of these from past ASCOs. Great. Absolutely, absolutely. In addition to that revenue growth, we're also seeing substantial increases in leads and new opportunities, and we've more than doubled the number of active pilots in our commercial business since February. How many hospital beds do we have? And we have a lot of headroom for growth in these markets. Great. Workers at an airline routing thousands of flights or last year needing to find parking for thousands of aircraft. I'll stick with you on this next one. The first is adjusted free cash flow, which really is the business' ability to generate money -- generate cash. Peter Thiel, co-founder and chairman of Palantir Technologies Inc., pauses during a news conference in Tokyo, Japan, on Monday, Nov. 18, 2019. The combination of 49% revenue growth and 44% adjusted free cash flow margin is indicative of the unique underlying unit economics of our business. We have always talked about Gotham as the digital Iron Man suit. These rates reflect year-over-year comparisons unless otherwise stated. foundry is an operating system for the modern enterprise, Gotham as defense OS, these are generational shifts in capabilities and approach. I mean, with Microsoft, remember Ballmer's famous meme, developers, developers, developers, or with AWS, look at their product marketing, it's about build, build better, build faster, build on AWS. Now that we have 15 large system integrators who are hiring, training and building practices around foundry, and we've built robust training to enable these system integrators to build billion-dollar lines of businesses around foundry. Palantir, the maker of software and analytics tools for the defense … I think about a nursing home worker in Japan, who's caring for an aging population and needs to deliver preventative care. This was demonstrated at the Dugway Proving Grounds in Utah this past April, just last month. We’re motley! Jefferies Financial Group analyst B. Thill now forecasts that the company will post earnings of $0.05 per share for the quarter, up from their previous […] So we'll begin Q&A with questions from our 1.5 million shareholders submitted Tuesday. As we continue to invest in our sales team, we expect related expenses to increase over the course of the year as these new heads come onboard. Stock Advisor launched in February of 2002. May 11, 2021, 8:00 a.m. We enhanced the protection of data, private ship and civil liberty to prevent the reaction to terrorism from destroying our way of life. Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management. Thank you, Johan. Rodney Nelson — Head of Investor Relations. We've seen work across healthcare, DoD, civilian agencies, accelerate inside the U.S. and outside of the U.S. We've also seen that the pipeline is continuing to build there. As I mentioned throughout the call, we are relentlessly focused on increasing distribution. And the most prudent thing to do is to invest aggressively to go after. Over the course of the call, we will refer to various growth rates when discussing our business. Where the government response to the pandemic has been efficacious, we are seeing a commercial tailwind. Palantir undertakes no obligation to update forward-looking statements, except as required by law. Thanks, Shyam. Cara Therapeutics Inc (CARA) Q1 2021 Earnings Call Transcript . We've hired 50 sales folks in the last quarter. In the first quarter alone, we've made nearly 50 hires into our sales team, and the pipeline to continue growing this team remains robust. Share; Tweet; 0. Spread the love. Palantir restated its guidance for 30% revenue growth for 2021-2025. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. These non-GAAP financial measures should be considered in addition to, not as a substitute for or in isolation from GAAP measures. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. The company delivered an earnings surprise of 250% in the fourth quarter of 2020. The Federal Reserve has two official responsibilities, full employment and price stability. 11, 2021Corporate Participants: Unidentified Speaker —. Today, 15 different SIs are partnering with our customers to deliver work on our products. But you can see how Sarcos can leverage all the capabilities of Apollo for Edge AI to push AI into their exoskeletons. Palantir (PLTR) Q1 2021 earnings: 49% revenue growth May 11, 2021 Sam khawaja 0 Comments Peter Thiel, co-founder and chairman of Palantir Technologies Inc., pauses during a news conference in Tokyo, Japan, on Monday, Nov. 18, 2019. The channel strategy is also helping us source more customers. We booked our first customers within 16 days of bringing the product to market. And so we're seeing very high returns to the sales force we're building. We have cutting-edge products and archetypes that deliver rapid value in managing working capital, procurement, production, demand forecast, supply chain management, quality, logistics, all the whole chain around manufacturing. Great. If you're interested in the nitty-gritty, you can check our filings if you want more detail. This is operational AI in action at the edge. We're excited about the quarter. Act 0.09 Est 0.02 Q3 2020 Palantir Technologies Inc. Earnings … Additional information about these non-GAAP measures, including reconciliation of non-GAAP to comparable GAAP measures is included in our press release and investor presentation provided prior to today's call. And adjusted free cash flow increased to $151 million, representing a margin of 44% and a $441 million improvement from Q1 2020. It looks like growth improved from last quarter, still below 20%, but I know there's a lot that you've been working on there, including the modularization of foundry and wanted to hear how that was resonating with customers. We added 11 new commercial customers, and we also announced our partnership with MD Anderson and Syntropy. How long until we run out? Palantir Technologies Inc. (NYSE:PLTR)Q1 2021 Earnings CallMay 11, 2021, 8:00 a.m. Kevin Kawasaki -- Global Head of Business Development. Welcome to Palantir's earnings call. Billings grew 248%. In the U.K. thousands of users from physicians to administrators, nearly 2,500 vaccination sites, nearly 44 million vaccines. There's nothing noteworthy to call out on the expense side. Share; Tweet; 0. Palantir Technologies stock opened at $20.46 on Tuesday. The company said it had 13.49 million active riders in the first quarter, down more 36.4% from the 21.2 million riders on its network in the same period last year. Jackson K. asks, how is Palantir planning to expand downstream to medium-sized businesses? Christopher T. asks, with the recent announcement that Palantir is going to offer software to companies for free, how is Palantir getting this information out to Fortune 500 companies? Our sales cycle is beating up. And yes, that's a challenge because our software shamanism means that we build something radically in the future, holistic in approach and stunning in its results. Great. Your line is open. How do I get PPE to my health workers? This is giving us a lot more capacity to cost efficiently distribute the product, accomplish these pilots and turn the revenue crank here. Image source: The Motley Fool. It is important to perform your own research before making any investment and take independent advice from a registered investment advisor. Thanks, Shyam. Dave, I'll come to you on this next question. We only have a handful of Fortune 500 companies. Some participants said tapering discussion might be appropriate at upcoming meetings. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. We have seen a mark shift where cloud providers are integrating foundry into their reference architectures and core go-to-market activities. Palantir's (PLTR) first-quarter 2021 revenues are expected to have benefited from its strong business model. This brings us to the end of our audio Q&A session. Personal computing was stuck in time before the standardization of the right operating systems. We think it's really important to get the company back in the offices to get people together and focus on culture. The United States and the United Kingdom governments are running two of the most successful vaccination programs in the world, and both are using foundry. Great. And maybe one more for you, Shyam, before going to the rest of the group. We expect this momentum to continue as we have a significant pipeline of government deals building in Q2 and beyond that we believe will fuel durable, elevated growth in our government segment. Adm1n - May 11, 2021. Great. Thanks, Emil. Our government revenue is less than 10 basis points, less a tenth of a percent of U.S. defense spending. In the first quarter, we were awarded a 5-year contract worth up to $90 million with the National Nuclear Security Administration to provide the operating platform to safeguard America's nuclear stockpile. I turn the call back over for closing remarks. The company delivered an earnings surprise of 250% in the fourth quarter of 2020. Kevin, I'll come to you on this next one, a question about the go to market. And with that, I'll turn it over to Rodney for Q&A. Thanks Jackson for the question. Palantir Technologies Inc. (NYSE:PLTR) – Research analysts at Jefferies Financial Group upped their Q1 2021 EPS estimates for shares of Palantir Technologies in a report issued on Wednesday, February 17th. A final note, while restarting is on our mind, the vicissitudes of the pandemic and continuing to respond is where our hearts are. Yeah, our life science work is growing very quickly, and we are absolutely working on the drug discovery end of it. And even after this, he'll continue to be one of our largest stockholders. Cumulative Growth of a $10,000 Investment in Stock Advisor, Palantir Technologies Inc. (PLTR) Q1 2021 Earnings Call Transcript @themotleyfool #stocks $PLTR, Palantir Technologies Inc. (PLTR) Q4 2020 Earnings Call Transcript, Copyright, Trademark and Patent Information.
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