CLAIM #49355 · Palantir Technologies Inc. (PLTR) · 2021Q4 earnings call · Feb 17, 2022 · due Dec 31, 2022
“with each one with a lag, America to Europe 18 months, the rest of this company only has to grow, everything besides Europe, commercial 38% to get 30% growth in aggregate.”
Alex Karp · CEO
In context
“even higher. Europe grew, if you include SPACs at 9%, so slightly above what's probably inflation. But there, we're taking opportunity believing there'll be a handoff from USG to U.S. com to Europe to rebuild with some very, very strong salespeople who've come from the best companies, believing that that's an environment where we can really do that. So like there's two ways to look at this, just on that angle. You could say, well, what could you do to gas charge America? We're working on that and very, very aggressively and most of our sales hires today are focused on that. But there's another more long-term thing. If we're right that the world wants Silicon Valley the way it was, meaning a handoff from government to commercial to the rest -- commercial U.S. to the rest of the world. And with each one with a lag, America to Europe 18 months, the rest of this company only has to grow, everything besides Europe, commercial 38% to get 30% growth in aggregate. So getting Europe to track better, both from a handoff of what happens in America to Europe and with more conventional sales approach is kind of what we're looking at getting done this year and see the fruits of it next year. Brent Thill: And just a quick follow up on the government. I know you had a tough comp. It did decelerate pretty materially in Q1 in terms of the growth. Can you give us your perspective on what's happening on the government side? Alex Karp : Well, there's a couple of things that are happening there. So if you were looking at this more like from a scientific perspective, you had a time series that's 15 years, first thing you would do is say, okay, what's happening in that time series over the 15 years. What you see in U.S. gov is a compounded growth of 30%, but like”
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SEC filings for PLTR ↗ · Claim quote is verbatim from the 2021Q4 earnings call.