Data analytics software maker Palantir Technologies (PLTR) delivered third-quarter earnings that topped estimates while revenue handily beat Wall Street targets amid strong U.S. government growth.
For the quarter ended Sept. 30, Palantir earnings using generally accepted accounting principles, or GAAP, were 10 cents a share, up 43% from a year earlier. Revenue rose 30% to $725.5 million, the software maker said.
Analysts had predicted Palantir earnings of 9 cents a share on revenue of $703.4 million.
In Q3, net income doubled to $144 million from a year earlier.

On its earnings call with analysts, Palantir said total Q3 government sales rose 33% to $408 million while total commercial sales rose 27% to $317 million. Analysts had estimated total government sales of $378 million and commercial revenue of $328.5 million.
Also, Palantir said U.S. government sales rose 40% to $320 million while U.S. commercial sales rose 54% to $179 million.
For the current quarter ending in December, Palantir says it expects revenue in a range of $767 million to $771 million. Analysts had predicted sales of $745 million.

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