Palantir Technologies Outperforms Microsoft’s Growth
Palantir Technologies (NASDAQ: PLTR) has seen extraordinary growth since its IPO in 2020, experiencing a 1,770% increase in stock price. As of October 2023, the company has gained 160% in the past year, compared to a mere 17% for the S&P 500. With 911 customers, a 45% increase year-over-year, and overall revenue growth of 63%, Palantir has significantly outperformed early Microsoft IPO figures, which created over 10,000 millionaires by 1996.
In its latest quarter, Palantir reported net earnings per share of $0.18, a tripling from $0.06 in Q3 2024. The company closed 204 million-dollar deals, with 53 of those exceeding $10 million. Additionally, Palantir holds $6.4 billion in cash and equivalents, signaling a strong financial position.
As Palantir continues to innovate with products like the Gotham AI platform and AIP, analysts speculate it holds significant potential to create a new wave of “millionaire-makers,” potentially exceeding Microsoft’s legacy in wealth generation.
