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(Sharecast News) - Software firm Palantir Technologies posted strongerthanexpected fourthquarter numbers on Monday, with results buoyed by robust demand from the Trump administration and US firms.
Palantir said revenues had jumped 70% yearonyear to $1.4bn, topping the $1.3bn pencilled in by analysts, while adjusted earnings per share rose to $0.25 from $0.14 a year earlier, ahead of forecasts for $0.23.
Guidance also came in ahead of expectations, with Palantir saying it expects firstquarter revenues of around $1.5bn, above consensus estimates of $1.3bn, while full-year revenues were projected to be roughly $7.2bn, compared to the $6.3bn anticipated on by analysts.
Palantir stated its domestic operations had underpinned the quarterly beat, with US commercial revenues surging 137% to $507m, exceeding the $479m expected, while US government revenues climbed 66% to $570m, ahead of the $522m forecast for the segment.
As of 2300 GMT, Palantir revenues were up 5.08% in extended trading at $155.28 each.
Reporting by Iain Gilbert at Sharecast.com
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