Palantir (PLTR) grew third-quarter revenue 96% to about $2.31 billion and raised its full-year revenue outlook again to about $8.53 billion, or 91% growth. U.S. commercial revenue rose 148% to $984 million and surpassed U.S. government revenue for the first time, which was $953 million. GAAP operating margin reached 47%, up from 33% a year earlier, as operating expenses grew about 46% while revenue nearly doubled. The soft spot is new business: total contract value closed was $2.92 billion, up just 6% year over year. The article says the key metric to watch is U.S. commercial remaining deal value, which rose 4% from last quarter while U.S. commercial revenue rose 29%; if this does not improve, the current growth rate will be hard to sustain.
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