Palantir Q1 2021 Earnings Main HIGHLIGHTS (Insider Selling, Bitcoin, Future Plans)

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Palantir reported 49% revenue growth for its first quarter. Palantir said it expects to bring in $360 million in revenue in its second quarter compared with the $344.3 million expected in a Refinitiv survey of analysts. The company said average revenue per customer grew to $8.1 million. In its fourth-quarter report, the company said average revenue for 2020 came to $7.9 million. Average revenue for its top 20 customers hit $36.1 million. Palantir said it expects to bring in $360 million in revenue in its second quarter compared with the $344.3 million expected in a survey of analysts. For the full fiscal year, the company anticipates adjusted free cash flow in excess of $150 million. The company also reaffirmed that it expects annual revenue growth of 30% or more for 2021 through 2025.

As of this past quarter, Palantir has 149 customers. The company first disclosed in its prospectus last fall it had 125 customers in the first half of 2020.

Palantir said it had 15 deals worth $5 million or more, and six deals worth $10 million or more.

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