CLAIM #49393 · Palantir Technologies Inc. (PLTR) · 2022Q2 earnings call · Aug 8, 2022 · due Aug 8, 2023
“You could see how this could double or be in that range again next year.”
Alex Karp · CEO
In context
“lt for Wall Street, which have perfect financials and have perfect proclamations of what they're going to hit and very, very thin products, sales forces that are 50% of their total people. The sales in the U.S. commercial, which are by any standard [unanimously] (ph) strong, almost 80% growth this year without specs. Total organic revenue. It's being driven by 42 salespeople, less than 1.5% of our company [Indiscernible]. We have more, but those are the ones that have actually learned our product and are able to sell it. This is a company -- we have this -- and because there's some real features, we've built this product. The product is obviously ahead of the market. We believe the growth in the U.S. I mean, you can tell our trend line of this is doubling now again or close without specs. You could see how this could double or be in that range again next year. And again, we're doing this in a completely unique way. And so then I would also say, as like competition, one of the things that is just not paid attention to at all by normal -- the normal investing company is the very basic fact of is this a product that will be, in some ways, replicated by the big companies? Wonderous, truly interesting, great companies, but that will basically take thin products and get them into their offering and have better distribution. And in fact, in the end, the products are over a long period of time, relatively worthless. So you get a high growth built on back of selling equity and going into -- and taking equity and buying a sales force and selling a thin product, which is no longer going to be around in a couple of years, either because it will not be usef”
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SEC filings for PLTR ↗ · Claim quote is verbatim from the 2022Q2 earnings call.