Palantir Revenue Rises 96% to $2.31 Billion, Tops Estimates
Palantir Technologies said third-quarter revenue rose about 96% to $2.31 billion, exceeding Wall Street estimates, on strong demand for its AI-powered data-analytics software from US government and commercial clients.
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09:26:09 PM UTC
SquawkNews
By Elias SchisgallPalantir's revenue surged in its most recent quarter as the company said businesses are increasingly turning away from artificial-intelligence labs and seeking to more fully control their use of the technology.The company, which makes bespoke data management and analysis software…
Palantir Technologies NASDAQ:PLTR topped Wall Street estimates for third-quarter revenue on Monday, powered by strong demand for its AI-powered data-analytics software from the US government and commercial clients.The company's revenue rose about 96% to $2.31 billion in the quarter, exceeding analy…