Palantir (PLTR) shares gained more than 2% after-hours following the company’s reported Q2 results, with EPS coming in at $0.05, in line with the consensus estimate. Revenue grew 13% year-over-year to $533 million, slightly below the consensus estimate of $534.21M.
Commercial revenue grew 10% year-over-year to $232M, while Government revenue was up 15% to $302M. Customer count increased 38% year-over-year and 8% quarter-over-quarter.
For Q3/23, the company sees revenue at $553-$557M, above the consensus estimate of $552M. For the full year, the company expects revenue of more than $2.212B, compared to the consensus of $2.21B.
Furthermore, the company announced a stock repurchase program of up to $1.0B of its outstanding Class A common stock.