CLAIM #49486 · Palantir Technologies Inc. (PLTR) · 2023Q2 earnings call · Aug 7, 2023 · due Dec 31, 2023
“So in short, we’re seeing sales cycles shorten. We’re expecting that to continue and accelerate and we’re going to run at that full speed.”
Ryan Taylor · Chief Revenue Officer and Chief Legal Officer
In context
“omers and from existing customers who are looking to expand with the AIP offering. You’ve heard examples of very real momentum and engagement and impact we’re having with it from Jacobs Engineering, J.D. Powers, Novartis, among others, to name a few. And what we’re seeing is with the emergence of LMMs AI capabilities, operators and organizations are looking at ways to deploy those within their organizations effectively against their missions and do so safely and securely and we are that solution. We have the product to do that, and we have 20 years of experience deploying our products in the enterprise and being able to do that safely and securely. So while sometimes in the past, we may have had misalignment with IT departments, now we’re fully aligned with what they’re trying to achieve. So in short, we’re seeing sales cycles shorten. We’re expecting that to continue and accelerate and we’re going to run at that full speed. Alex Karp: And look, we -- especially in the U.S. market, we were -- for a lot of reasons misaligned with our clients. We had built products both Foundry and the ontology branching and lots of ideas of how to manage large-scale data sets and then algorithm classified setting. But in reality, there was a resistance to how we believe an enterprise should work. And if you look at what Shyam is saying and what Ryan is saying, what you’re really seeing is American industry now has done five, six iterations, often with thin technologies, with thick sales forces that kind of have been supported by the venture capital community, and quite frankly, by analysts looking for models they understood. We built a company that no one understood. We went deep on technology, that’s Foundry. We went deep on”
Verify independently
SEC filings for PLTR ↗ · Claim quote is verbatim from the 2023Q2 earnings call.