Alex Karp Set Palantir a 134% Growth Target for the Whole Company. Here's What It Would Take to Hit It.
The CEO tied the whole business to its hottest segment's pace for the next 18 months. Here's what that implies in dollars.
Overview
Palantir Technologies (NASDAQ:PLTR) posted second-quarter revenue growth of 93% year over year. Its U.S. commercial business grew even faster, at 149%. And on the second-quarter earnings call in early August, CEO Alex Karp committed the whole company to the faster number.
"I am driving the business to grow at a rate equal or above to what we have in U.S. commercial for the next 18 months, which is a very high goal, but it is one we can actually get to," Karp said.
Details
Notably, Karp named a benchmark, not a percentage. Palantir's own guidance supplies the percentage.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.