MAAT INDEX

CLAIM #49485 · Palantir Technologies Inc. (PLTR) · 2023Q2 earnings call · Aug 7, 2023 · due Nov 30, 2023

The latest is we expect to be eligible after we report Q3 and so we’re proud to say we’re less than a quarter away.

Shyam Sankar · CTO

PENDING
graded after results covering Nov 30, 2023 are reported

In context

and in fact, our adversaries view that as a laughable ferry tail that we believe in at our own expense people are getting more serious. When people get more serious, they stop wanting fantasies, about how you build software fantasies, about how you implement fantasies about, you’re going to hire 10,000 people and give it to somebody that a company that’s never built a product that’s ever worked. And they -- but is that happening fast enough? No. Luckily for us, and hopefully, for our country and the West, people are getting much more serious just because of events that you see happening around us. If you have any additions? Ryan Taylor: No. Well said. Ana Soro: Thanks, Alex. Our next question is from Josh Mark [ph], who asks what’s the latest and potential S&P 500 inclusion? Shyam Sankar: The latest is we expect to be eligible after we report Q3 and so we’re proud to say we’re less than a quarter away. Dave Glazer: From eligibility. Shyam Sankar: From eligibility. Ana Soro: Thanks, Dave. Our next question is from Sony [ph], who asks, can you elaborate on current capital allocation priorities? Dave Glazer: Absolutely. So, Sony, we’ve delivered three consecutive quarters of GAAP profitability. Looking at the first half of the year, $285 million in adjusted free cash flow, close to almost $1 billion since we’ve gone public. AIP is going to be transformative. You’ve talked -- you’ve heard Alex talk about the scale that we think is going to be. We’ve talked about reorienting the company around it, earlier I spoke about how we’re orienting our compensation about it. You combine that GAAP profitability, strong cash flow, AIP, the Board just authorized a $1 billion stock buyback, which aligns w

Verify independently

SEC filings for PLTR · Claim quote is verbatim from the 2023Q2 earnings call.