Palantir Q1: Strong Headline Numbers; TCV to be Watched

Palantir posted another strong quarter with revenue of $1.63 billion, representing growth of 85% YoY and 16% QoQ. The company continues to accelerate across many key metrics, including net retention rate, Rule of 40 soared to 145 and RPO also came in strong. The adjusted gross margin has expanded to 88%, the operating margin has expanded to 60% and the free cash flow margin to 57%. This remark helps to illustrate how fundamentally strong the company is “Our free cash flow this quarter is larger than our revenue a year ago in the same quarter.”

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