CLAIM #49398 · Palantir Technologies Inc. (PLTR) · 2022Q2 earnings call · Aug 8, 2022 · due Aug 8, 2032
“And that's why I am positing internally and externally the growth in U.S. government over a multiyear period will be at least as good in the future as it was in the past.”
Alex Karp · CEO
How to check this claim
Look at: Palantir U.S. government revenue growth rate, multiyear CAGR
It came true if: Multiyear CAGR of U.S. government revenue over the next ~10 years (2022-2032) >= the historical CAGR (approximately 35%) referenced in the same discussion
Where: Company-disclosed segment revenue (10-K/10-Q government revenue disclosures, investor letters)
In context
“can ask yourself the question, does it appear that the last 10 years were less dangerous or the next 10 years are going to be more or less dangerous than the last 10 years? So it's just a very basic view that we have. The next 10 years, the next 2 years are clearly more dangerous. America's engaged on multiple fronts. And then there's a question, does Palantir have the product market fit and access to the market? Our product, we're looking at the U.S. business that's going to cross the $1 billion mark next year as well. This is like so you have a $1 billion software business as of next year with positioning that has never been as good. So both our micro positioning and obviously, the macro position, it's so sublime. It's hard to talk about without sounding like we're kind of warmongering. And that's why I am positing internally and externally the growth in U.S. government over a multiyear period will be at least as good in the future as it was in the past. However, that 35% CAGR included a number of years where it was flat or even negative, and that's just the frustrating part about contracting at our level. The contracts are so big and meaty that you got to kind of wait. Brent Thill: And just a quick follow-up. When you think about the overall macro conditions that seem to be hitting a number of other software companies, can you discuss what you're seeing on the commercial side? Any slowdown there? Or are you seeing the business stay -- Alex Karp: One of the things because, and we're not exactly sure how I ought to put this, but the typical way in which a company would interact with, say, analyst is we would have these precise goals, and then we go after them. And then when we're not going to get them, we would say things that we could hav”
Verify independently
SEC filings for PLTR ↗ · Claim quote is verbatim from the 2022Q2 earnings call.