Palantir sees Q4, 2021 revenue ahead of expectations

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Palantir said it expects 2021 revenue growth of about 40% as it closed 54 deals worth more than $1 million in the third quarter. The enterprise and government analytics company said it expects fourth quarter revenue of $418 million with 2021 revenue growth of 40% to $1.53 billion. Analysts were expecting fourth quarter sales of $401.9 million and $1.51 billion for 2021. Wall Street analysts were expecting Palantir to report third quarter non-GAAP earnings of 4 cents a share on revenue of $385 million. Palantir said its US commercial revenue was up 103% in the third quarter compared to a year ago.

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