AI & Enterprise
Palantir posts record quarterly results, net profit up fourfold from year earlier
Palantir Technologies posted record quarterly revenue and net profit, the Wall Street Journal reported on Sunday. First-quarter revenue rose 85 percent from a year earlier to $1.63 billion, beating market expectations. Net profit rose fourfold to $876 million, also topping estimates. Revenue from U.S. government contracts increased 84 percent to $687 million, while U.S. corporate customer revenue more than doubled to $595 million but came in slightly below forecasts.
