Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Quartalsbericht: KI-Datenfirma Palantir mit mehr als 90 Prozent Umsatzplus

Palantir baute sich über Jahre den Ruf einer Firma auf, die Muster in großen Datenmengen finden kann. Nach Militär und Behörden wollen nun auch US-Unternehmen stärker davon profitieren.

Original German Read in English

Quartalsbericht: KI-Datenfirma Palantir mit mehr als 90 Prozent Umsatzplus

Palantir, the data analytics firm known for its collaborations with US government agencies, reported a staggering 93 percent increase in revenue in the latest quarter, nearly doubling its earnings compared to the previous year. The artificial intelligence company surpassed analysts' expectations by a significant margin, with revenues surpassing the estimated $1.8 billion to achieve nearly $1.94 billion.

The surge in sales was particularly pronounced within three months, growing by nearly one-fifth. The company's stock surged by over nine percent in after-hours trading. Palantir specializes in the analysis of vast amounts of data, providing software for intelligence and military information. The high demand in the United States is driving the current growth, with domestic revenues more than doubling to over $1.57 billion in the past quarter, a 90 percent increase year-over-year, primarily from government agency business.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 1 other outlet

Read the original at handelsblatt.com →

More in Finance & Markets

More from Monday 3 August →