Palantir reports 93% revenue surge in ‘otherworldly’ second quarter
The US-based company's revenue for the period rose to US$1.935 billion from US$1.003 billion last year.
Palantir Technologies reported a staggering 93% surge in revenue during its second quarter, reaching US$1.935 billion compared to US$1.003 billion in the same period last year. Co-founder and CEO Alex Karp attributed this remarkable growth to the increasing demand for AI sovereignty, emphasizing that Palantir is the only company capable of transforming tokens into actual economic value.
The company's commercial revenue in the US grew by 149% year-over-year, while overall revenue increased by 93%. Palantir's bottom line totaled US$1.061 billion, or US$0.41 per share, with adjusted earnings of US$1.047 billion, or US$0.41 per share, excluding certain items.
Brief written by urgent.news from Free Malaysia Today's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
