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Palantir Technologies (NYSE:PLTR) shares surged more than 13% in extended-hours trading on Monday after the enterprise software company reported fourth-quarter results that topped expectations.
For the period ending Dec. 31, the company earned $0.08 per share on $608.35M compared to the Wall Street estimate of $0.08 and $602.88M in revenue.
The company said U.S. commercial revenue during the period rose 70% year-over-year to $131M, while the customer count grew 55% over the same time frame to 221 customers. Total commercial contract value during the period rose 107% year-over-year to $343M.
Government sales rose 11% year-over-year to $324M while customer count rose 35% year-over-year.
The company issued a mixed bag of guidance, however, as it sees first-quarter revenue below expectations but full-year above estimates. For the coming quarter, it expects sales between $612M and $616M, below the $617.44M that analysts expect.
For the full-year, revenue is forecast to be between $2.652B and $2.66B, above the $2.64B consensus.
The company will host a conference call to further discuss the results.