Data specialist Palantir Technologies (NYSE: PLTR) is a unique company. Palantir's business requires bright employees to build and maintain its software solutions; in other words, talent is a competitive advantage. Good help isn't cheap, and Palantir has chosen a strategy of luring talent with significant stock-based compensation instead of large cash salaries.
In this video, I will be going over Palantir's (NYSE: PLTR) Q2 earnings and explain why they weren't such a disaster. Palantir added 27 new clients this quarter, 19 commercial and eight governmental.
Shares of big data analytics company Palantir Technologies (NYSE: PLTR) fell some 13.5% this week, according to data provided by S&P Global Market Intelligence, despite the broader markets finishing the positive week much higher. As is usually the case with widely divergent results, the shortfall came on the heels of the company's earnings release on Monday, Aug. 8. For the quarter ended June 30, Palantir reported 26% revenue growth to $473 million, with adjusted losses per share of $0.01.