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This article discusses Palantir’s Revenue Breakdown By Region split across United States, United Kingdom, France, and the Rest of the World from 2019 onwards.
Palantir Technologies Inc. is an American-based Software Infrastructure company. The company offers its services to governments of various countries, private companies in the field of healthcare, finance, automobile, etc.
Palantir Technologies generates its revenue from the following regions:
|Region||Revenue Q1 2020||Revenue Q1 2021||YoY growth||Revenue Share Q1 2021|
|Rest of the world||$64.85||$87.31||34.63%||25.59%|
(All figures in millions, except percentages)
Palantir’s revenue increased by 48.80% on a year-on-year basis, from $229.30 million in Q1 2020 to $341.20 million in Q1 2021. The main reason behind the growth was the company bagged several orders from government agencies and large organizations.
Palantir’s revenue from the United States increased by 80.73% on a year-on-year basis from $109.80 million in Q1 2020 to $198.45 million in Q1 2021. US contributed 58.16% to the company’s total revenue, which was the highest among all the regions. Due to the COVID-19 pandemic, Palantir witnessed higher demand for its services, especially in the public health care segment. The company’s technology was used by the Department of Health and Human Services (HHS) to trace the spread of the virus and track the data of COVID-19 hospitals in the country. Palantir has also developed Tiberius which is software for the allocation of vaccines in the US. Other clients from the US include- US Military Intelligence, US Army, and FBI. In the US, Palantir faces tough competition from Cognizant, Tyler Technologies, Tableau Software, and Mu Sigma.
Palantir revenue from France witnessed a decline of 18.03% on a year-on-year basis from $25.73 million in Q1 2020 to $21.09 million in Q1 2021. The drop in revenue was seen as there was a decline in the government orders. In Q1 2021, France contributed 6.18% to Palantir’s total revenue. Palantir’s competitors in France include- Dassault Systems, Thales, and Sophia Steria.
In the UK, Palantir’s revenue increased from $28.98 million in Q1 2020 to $34.39 million in Q1 2021, a growth of 18.66% on a year-on-year basis. In June 2020, the Palantir Foundry segment received an order from the UK’s National Health Service (NHS) for tracing the spread of the virus in the country. In April 2021, Palantir UK was named as Crown Commercial Service Supplier. In Q1 2021, UK contributed 10.08% to the company’s total revenue.
Rest Of World
Palantir’s revenue from the Rest of the World increased from $64.85 million in Q1 2020 to $87.31 million in Q1 2021, an increase of 34.63% on a year-on-year basis. The Rest of the World includes countries like- Switzerland, Brazil, Ireland, Germany, Netherlands, India, and Italy. In Q1 2021, Revenue from these countries accounted for 25.59% of the company’s total revenue.
Palantir Technologies is a software-based company founded by Peter Thiel, Nathan Gettings, Joe Lonsdale, Stephen Cohen, and Alex Carp in 2003. The company has its main office in Denver, Colorado, US. The company operates in two segments- Commercial and Government. The commercial segment offers services to companies like Morgan Stanley, Merck, Fiat Chrysler Automobile, Ferrari, and many more. The government segment offers services to the governments of the United States, United Kingdom, and France in the fields of Healthcare, Defence and Security, Intelligence, etc. In total, the company has 125 customers all over the world. The company has 2500 employees worldwide.
Over the years, the company has acquired companies like Voicegem, Kimono Labs, Poptip, Silk, FT technologies to fight competition and make an entry into new markets. Palantir has also formed partnerships with companies like IBM, Thompson Reuters, and Amazon Web Services (AWS).
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