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CLAIM #49377 · Palantir Technologies Inc. (PLTR) · 2022Q1 earnings call · May 9, 2022 · due Sep 30, 2022

And so the end result of this is that in Q2, we've started to see the U.S. government business reaccelerate. We're doing a substantial amount of work right now where we are investing in our customers, and we expect that work to have both short term but also longer-term payouts.

Shyam Sankar · COO

CANNOT_DETERMINE
resolved by a revision, graded at the moved level · official band 5 percent
Committed
we expect that work to have both short term but also longer-term payouts
Reported
We have revised guidance given the clarity that we have around when we think we're likely to get them.

In context

s, Brent. We've been working with the U.S. government for 15 years. And over the last decade, we've seen a 30% CAGR, and that covers times at peace and times of conflict. And I've already talked about our involvement with current events and the role that we're playing there. And you can kind of see the reacceleration starting to happen with the wins. The work that we're doing with DSG CD2, which was literally built for a land war in Europe. The expansion of the work that we have with the U.K. Royal Navy, the framework agreement that we have in Germany with state and local police covering Bavaria, North Rhine-Westfalia, Hesha, the work that we're doing in space with U.S. Space Comm and Warp Core, but really the knock-on opportunities that creates for us with allies as they approach space. And so the end result of this is that in Q2, we've started to see the U.S. government business reaccelerate. We're doing a substantial amount of work right now where we are investing in our customers, and we expect that work to have both short term but also longer-term payouts. We're doing work now that matters and will likely be contracted. But we're also doing work that is defining the requirements for defense procurements over the decades to come here. Rodney Nelson: Thanks, Shyam. Our next question comes from Brad Zelnick with Deutsche Bank. Brad Zelnick: I'm hoping that you can. I think you guys might have come -- cut out on me. But I wanted to double-click on the range of upside that you referred to in your Q2 guidance. How much of that variability is coming from commercial versus government? And how should we think about the variability and what it means for your 30% revenue and 27% margin guide for the full year? Dave Glazer : Thank you. So in this macro environment, we feel very well positioned for the full year and beyond. Our U.S. government revenue r

Verify independently

SEC filings for PLTR · Claim quote is verbatim from the 2022Q1 earnings call.