Palantir Technologies Inc. announced on Monday its revenue in the first quarter of the fiscal year 2023 observed an annual rise of 18% to hit $525 million. The company's net income from operations saw a modest increase of 1% to reach $4.1 million.
In the three months to March 31, 2023, Palantir declared that net income attributable to common stockholders came in at $16 million. Adjusted EBITDA jumped 25% to $133 million, and diluted earnings per share landed at $0.01. The company expects full-year 2023 revenues between $2.18 billion and $2.24 billion and adjusted operating income between $506 million and $556 million.
"We were profitable again this quarter... And we now anticipate that we will remain profitable each quarter through the end of the year," Alexander C. Karp, co-founder, and Chief Executive Officer of Palantir Technologies Inc., wrote. "The depth of engagement with and demand for our new Artificial Intelligence Platform (AIP) is without precedent."
