News That Matters

Tag: Palantir Q3 net income figures

Palantir Q3 392m 1.53b
Updates

Palantir Q3 392m 1.53b

Palantir Q3 392M 1.53B: The Company’s Third Quarter Financial Performance.Palantir Technologies, Inc., a data analytics and software company, reported its financial performance for the third quarter of 2020. The company reported total revenues of $392 million and total net income of $1.53 billion. This was the company's best quarterly performance yet. Overview of Palantir’s Financial Results The company reported total revenues of $392 million for the third quarter of 2020, up 48% year-over-year. This was driven by an increase in subscription revenue of 55% year-over-year, or $346 million. The company's total net income was $1.53 billion, up from $711 million in the same quarter last year. Growth Drivers Palantir's revenue growth was mainly driven by increased demand for its software. T...