Palantir U.S. Commercial Revenue Tops Government Business for First Time
The company said U.S. commercial revenue reached $984 million in the third quarter, up 148% year over year.
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By Elias Schisgall and Heather SomervillePalantir'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…
Palantir's U.S. commercial revenue has surpassed its U.S. government business for the first time, the company said in its third-quarter shareholder letter. The segment generated $984 million in the quarter, a 148% increase from the same period a year earlier.
Sequential growth in U.S. commercial re…