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CLAIM #49462 · Palantir Technologies Inc. (PLTR) · 2023Q1 earnings call · May 8, 2023 · due Dec 31, 2023

we're running at full speed and we expect that momentum to continue in 2023 and beyond.

Ryan Taylor · Chief Revenue Officer and Chief Legal Officer

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
we're running at full speed and we expect that momentum to continue in 2023 and beyond.
Reported
Fourth quarter US commercial revenue grew 70% year-over-year

In context

stomers in our U.S. commercial business, grew 50% year-over-year, and the TCV closed in Q1 grew 170% year-over-year. That's on the back of pilot conversions, new pilot starting, and expansions at customers, as I highlighted earlier, such as Hertz, Jacobs Engineering, the largest health system in the country, and one of the largest paper and packaging companies in the world among other examples. We expect that momentum to carry forward, and as the U.S. commercial continues to become a larger and larger part of our overall business, that will obviously have larger and larger impacts on our overall results and momentum as well. On top of that, we've highlighted AI presented in opportunity that is creating unprecedented demand for us. We can deliver against it in ways that no one else can and we're running at full speed and we expect that momentum to continue in 2023 and beyond. Ana Soro: Thanks, Ryan. Our next question is from Michael who asks with potential S&P 500 inclusion, how does that correlate with the company's prospects and profitability moving forward? Alex Karp: I'm sure there's a prepared answer here, but I believe or I know that we are outsiders, and this outsider status is one of the main reasons we built all these products because we never ever thought anyone would buy our products except for that they were disruptive and unique. And that's in many -- if you look at the products we've built, but also in somehow our uncanny preparedness for this moment, it's because we approach this as we have to succeed under adverse conditions. My interest in profitability is for obvious reasons, but it's also, I think we'll just be in a much stronger position as

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SEC filings for PLTR · Claim quote is verbatim from the 2023Q1 earnings call.