Shares & Derivatives
5 Things to know about Palantir Earnings for Q1 2023 before investing in it
By Learn To Invest  •  May 21, 2023
Palantir Technologies is a data analytics software company that develops platforms for data fusions. The company provides data solutions with government agencies, cyber, defense and intelligence companies all across the world. The Palantir share price has fallen significantly since 2022 due to the company’s struggles to turn profitable. 2023 Q1 earnings will be an important turning point for Palantir and set the foundation for its future.
  1. Palantir Earnings: Net income turns positive for second consecutive quarters
This is Palantir’s second straight quarter of positive net income following its 2023 Q1 profits. One of the key reasons is over $88 million in deferred revenue that was received for the first quarter. The management has also reassured customers that they will continue to be profitable in the future. This is undoubtedly a significant turning point for the business, which had trouble making profits in 2021 and 2022. By having sustained profits, it helps to provide two key main benefits. Firstly, this brings...
Read the full article
By Learn To Invest
Not an investment genius, but someone who is learning and sharing my findings on personal finance and investing. I have amassed my knowledge through internships, amazing mentors and books. I developed this blog to document my investment path and demonstrate to the general public that anyone can learn to manage and increase their own money with the right framework of investing and thinking. In that spirit, I intend to share my thoughts and opinions as open as possible in this blog. Because of familiarity and my knowledge with the SG companies, I began my investing in SG markets in 2019. I eventually expanded to invest in the Hong Kong and the United States markets.

Your email address will not be published.


Your Email Address will not be published

Read More Articles
More from thefinance