One of the main criticisms thrown at big data specialist Palantir (PLTR) is that its clients are just, well, too big. That is, the company’s business model is based on having only a few massive organizations, mostly government bodies at that, which account for the majority of the company’s revenue. The data bears this out. As Jefferies’ Brent Thill notes, with government revenue growth in CY20 and CY19 up by 77% and 35% year-over-year, respectfully, compared to overall growth of 47% and 25%, government has been the “primary growth driver historically.
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Palantir Technologies (NYSE:PLTR)
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Palantir Technologies (NYSE:PLTR)
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