Market News for Servicenow Inc (NOW)
Palantir Technologies (NYSE: PLTR ) first-quarter results show that the company’s revenue and customer base are growing rapidly. Still, PLTR’s profits remain quite low considering the company’s high-flying stock. And the company continues to face multiple, strong, worrisome threats. Moreover, the Street appears to have lost its love for Palantir stock. In light of these points, I continue to urge investors to unload the company’s shares. Strong Revenue Growth Paired With Continued, Relatively Low Profits In the first quarter, the company’s revenue climbed 21% versus the same period a year earlier, while its customer count jumped an impressive 42% year-over-year (YOY). And the increase of both of those metrics also accelerated compared to Q4, when its top line and customer base rose by 19.6% YOY and 32% YOY, respectively. On the other hand, Palantir’s sales from U.S. companies increased 40% YOY, down from the 70% YOY increase in that area in Q4. I’ll have more to say about that in a minute....
InvestorPlace - 5/15/2024 6:55:00 AM
More News for IBM
Stock Analysis for IBM
Related Stocks: IBM,IBM-LN,IBM-GF,IBM-GM,IBM-GY,IBM-GH,IBM-GS,IBM-GI,IBM-GD,IBM-GB,IBM-QH,INTC,INL-GF,INL-GM,INL-GY,INL-GH,INL-GS,INL-GI,INL-GD,INL-GB,NOW,0L5N-LN,ACN,0Y0Y-LN,NVDA,NVD-GF,NVD-GM,NVD-GY,NVD-GH,NVD-GS,NVD-GI,NVD-GD,NVD-GB,NVDA-QH,OI,PLTR,0A7R-LN,BAH,0HOT-LN,AI,0A5W-LN
