Meet the 1 Number From Palantir That May Keep This Supercharged Stock Soaring
Palantir Technologies (NASDAQ: PLTR) recently announced mind-blowing earnings results, from double-digit revenue growth across businesses to record deal values as well as numbers of deals. The software company has built its business over more than 20 years, but in recent times, Palantir's strength in applying artificial intelligence (AI) to real-world problems has helped demand explode higher.
Both government and commercial customers have flocked to Palantir's Artificial Intelligence Platform (AIP), a system that puts AI to work on the customer's data to aggregate and make the best use of it. The results can be game changing, leading to better decisions, new strategies, and completely different ways of organizing how business is done.
In the fourth-quarter report, good news seemed to flow from every angle -- but one number in particular, a number that's often overlooked, really gives us reason to cheer. That's because this particular number shows the company is hitting it out of the park when it comes to balancing growth and profitability. And that bodes well for long-term earnings and share price performance.
Source Fool.com
