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...