(AOF) – Data analysis software company Palantir Technologies is expected to rise sharply thanks to significantly improving results. In the fourth quarter, Palantir Technologies reported net income, group share, of $93.39 million, or 4 cents per share, compared to a profit of $30.88 million, or 1 cent per share, a year earlier. Adjusted earnings per share came in at 8 cents, in line with expectations. Its revenues increased by 20% to $608 million, beating market expectations: $602.90 million.
This year, Palantir Technologies is targeting revenues between $2.652 billion and $2.668 billion for adjusted operating income between $834 million and $850 million. Wall Street expects $2.644 billion in revenue and $749.1 million.
For the first quarter alone, Palantir is targeting revenues between $612 and $616 million and adjusted operating income between $196 and $200 million.
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According to the latest Truffle 100 ranking, the sector’s total turnover in France jumped 15% last year to cross the 25 billion euro mark. The sector has benefited from an unprecedented growth rate and confirms its recovery after the health crisis. The average annual growth over fifteen years is 12 times higher than that of GDP! Dassault Systèmes retains first place with more than 5.6 billion euros in revenue last year. Cegid, specialist in software for accountants, and the fintech Murex are placed in second and third position with respectively 791 and 711 million euros in turnover. Polarization is one of the characteristics of the sector: the gap in turnover between the 50th and the 100th publisher has increased further in 2022 to reach almost 28 million euros. Performance was improved as the profitability rate (as a percentage of turnover) increased from 9.1% to 10.4%. The outlook is good because artificial intelligence, seen as revolutionary, is expected to drive the market in 2023, as is cybersecurity.