Palantir credits tiny sales team for explosive quarter
TL;DR
Palantir posted $1.9B in quarterly revenue (up 93% YoY) and $1.1B in profit, with US commercial revenue hitting a record $764M (149% YoY, 28% QoQ) and total US revenue at $1.6B (up 115%). CEO Alex Karp credited the surge to a tiny, shrinking sales team—roughly 70 salespeople with only seven actively selling—and an annualized revenue per employee around $1.5M, illustrating a trend toward AI-enabled Tiny Teams that boost growth with lean headcount.
- Alex Karp Says Palantir Crushed Earnings With 'Shrinking' Sales Team Business Insider
- Palantir stock jumps after 'otherworldly' quarter as US commercial business booms Yahoo Finance
- Palantir rides high on greed and fear — but mostly fear Financial Times
- Palantir jumps 27% on 'otherworldly' commercial revenue — here's what's driving the demand CNBC
- Palantir’s Rocket-Ship Growth The Information
Want the full story? Read the original reporting
Read on Business Insider