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Palantir Reports 47% Q2 Operating Margin and Raises U.S. Commercial Outlook

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Sig2.18Sen+5.85Env0.00Soc0.00Gov0.00

Palantir posted a $912 million operating income in the second quarter, with a 47% operating margin as revenue grew 93% year over year. Net margin was 53% versus 46% operating margin. Management’s Rule of 40 score was 155% and it expects profitability to hold, with about 47 of the 55 cents coming from the software business. The firm also lifted U.S. commercial revenue outlook to over $3.4 billion.

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