Palantir expects revenue of around $2.65 billion in the current quarter, about 90% higher than in the same period a year earlier. The forecast follows a 96% year-over-year increase in its latest quarter, when revenue reached $2.3 billion. Quarterly net profit rose 49% to $1.13 billion.
Growth was driven primarily by the US market. Revenue there more than doubled year over year to $1.94 billion in the latest quarter. Sales to US government agencies climbed 96% to $953 million, while revenue from US businesses increased 148% to $984 million.
Palantir’s software is used by US agencies including the Department of Homeland Security and the Pentagon. The company, known for its work with security authorities, is also attracting demand from American businesses seeking AI support.
Sources: Handelsblatt.