Palantir's Q1 Results: Strong US Growth, International Headwinds, and a 2024 Profitability Target

The article discusses Palantir’s first-quarter financial results and the company’s outlook. Palantir reported strong revenue growth in the US, driven by increased demand from government agencies. However, the company faced headwinds in international markets, particularly in Europe and Israel, due to geopolitical tensions and economic uncertainties. Despite these challenges, Palantir’s CEO, Alex Karp, expressed confidence in the company’s ability to achieve profitability by 2024. The article highlights Palantir’s focus on expanding its customer base, particularly in the commercial sector, and its efforts to streamline operations and reduce costs. Additionally, Karp addressed concerns about the company’s reliance on government contracts and its ability to maintain growth in the face of potential budget cuts.

Source: https://www.businessinsider.com/palantir-karp-q1-usa-growth-international-headwinds-europe-israel-support-2024-5