Palantir expects revenue to reach about $2.65 billion in the current quarter, which would be roughly 90% higher than in the same period last year. The data analytics company, known for working with US security agencies, reported that revenue in its latest quarter rose 96% year over year to $2.3 billion. Net income increased 49% to $1.13 billion.
Growth was concentrated in the United States. Revenue in Palantir’s home market more than doubled from a year earlier to $1.94 billion. Sales to US government agencies climbed 96% to $953 million, while revenue from US businesses rose 148% to $984 million.
Palantir software is used by the Department of Homeland Security and the Pentagon. Media reports have also linked its use to the war in Iran.
Sources: Handelsblatt.