Palantir Q4 Preview - Just Look Nearby
Precious hints come from a competitor
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Palantir PLTR 0.00%↑ announced that it is going to release its Q4 and FY results on February 13th, 2022 after the market closes.
What should we expect from these results?
As always, the answer is quite complicated as Palantir has many moving parts, each of which is driven by different dynamics. However, we can find precious hints just by looking nearby.
The closest comparable to Palantir has just disclosed their Q4 results.
Despite the focus of Servicenow’s product offering being different, I have assessed over the past 2 years of studying Palantir, that the key trends affecting one, also affect the other. In other words, by assessing Servicenow’s results, we can fine-tune our expectations for Palantir’s Q4.
For a deep financial comparison between Palantir and Servicenow you can refer to the article below:
In this article we will discuss Servicenow’s Q4:
Highlights;
Key Factors;
‘23 Guidance.
Back in July (Is Palantir Recession Proof?) I shared an idea that seemed controversial at the time:
The best B2B SaaS companies stocks could be heavily affected by “bad times” despite their businesses operating at a steady pace.
How did it age? Let’s find out.
Servicenow Q4 Highlights
Servicenow’s Q4 results in a snapshot:
+22% YoY Revenue (+27.5% YoY constant currency);
+22% YoY Current RPO (+25.5% YoY constant currency);
+22.5% - 23.5% ‘23 Guidance.
The results along with guidance supported the stock to raise +22% YTD.
We will now see more detail about the specific drivers of the results.