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      "text": "Net dollar retention was 108% in Q4 2023.",
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      "text": "© 2024 Palantir Technologies Inc.",
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      "text": "Net dollar retention is calculated as (a) revenue for the trailing twelve months as of each period attributable to the customers as counted for the prior trailing twelve months divided by (b) revenue for the prior trailing twelve months recognized from those same customers. Remaining performance obligations (\"RPO\") reflects the values of contracts that have been entered into with, or awarded by, our government and commercial customers and represents non-cancelable contracted revenue that has not yet been recognized, which includes deferred revenue and, in certain instances, amounts that will be invoiced. We have elected the practical expedient, as permitted under Accounting Standards Codification 606 - Revenue from Contracts with Customers, to not disclose remaining performance obligations for contracts with original terms of twelve months or less.",
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      "text": "($ MILLIONS)\nTotal RPO\nShort-Term RPO\nLong-Term RPO\nBillings\nQ4 2022\n$ 973\n$ 517\n$ 456\n$ 387\nQ1 2023\n$ 936\n$ 529\n$ 407\n$ 614\nQ2 2023\n$ 968\n$ 558\n$ 410\n$ 603\nQ3 2023\n$ 988\n$ 560\n$ 428\n$ 550\nQ4 2023\n$ 1,243\n$ 643\n$ 600\n$ 605",
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