CLAIM #49541 · Palantir Technologies Inc. (PLTR) · 2024Q2 earnings call · Aug 5, 2024 · due Dec 31, 2024
“We continue to anticipate 2024 revenue from these customers to be less than 2% of full-year revenue.”
Dave Glazer · CFO
In context
“rowth year-over-year. Total remaining deal value in our US commercial business grew 103% year-over-year and 11% sequentially. Our US commercial customer count grew to 295 customers, reflecting 83% growth year-over-year and 13% growth sequentially. We generated $148 million in international commercial revenue in the second quarter, representing 15% growth year-over-year and 1% sequential decline as a result of continued headwinds in Europe. We continue to capitalize on targeted growth opportunities in Asia, the Middle East, and beyond. Revenue from strategic commercial contracts declined to $9 million for the quarter. We anticipate third-quarter 2024 revenue from these customers to continue to decline to between $6 million to $8 million compared to $15 million in the third quarter of 2023. We continue to anticipate 2024 revenue from these customers to be less than 2% of full-year revenue. Shifting to our government segment, second quarter government revenue grew 23% year-over-year and 11% sequentially to $371 million. Second quarter US government revenue grew 24% year-over-year and 8% sequentially to $278 million. As Ryan mentioned, we're selected for several notable awards in Q2, which led to the strongest US government bookings quarter since 2022, reflecting the growing demand for our government software offerings. Second quarter international government revenue grew 21% year-over-year and 18% sequentially to $93 million, primarily driven by additional funding from a partner nation related to our ongoing efforts in Eastern Europe. The second quarter TCV booked was $946 million, up 47% year-over-year. Net dollar retention was 114%, an increase of 300 basis points from las”
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SEC filings for PLTR ↗ · Claim quote is verbatim from the 2024Q2 earnings call.