‘THIS QUARTER WAS OTHERWORLDLY’: PALANTIR EARNINGS SURGE PAST EXPECTATIONS

Shares soar as yearly revenue up 93%, even as opposition grows to company’s role in Trump immigration agenda In a sea of companies reporting mixed financial results this quarter, Palantir stands out. Although Palantir was not immune to the AI jitters that caused industry-wide drops in share prices earlier this year, the AI and analytics company reported that its overall revenue grew 93% year over year to $1.94bn.

US news | The Guardian reports that shares soar as yearly revenue up 93%, even as opposition grows to company’s role in Trump immigration agenda In a sea of companies reporting mixed financial results this quarter, Palantir stands out.

The report adds: Although Palantir was not immune to the AI jitters that caused industry-wide drops in share prices earlier this year, the AI and analytics company reported that its overall revenue grew 93% year over year to $1.94bn.

That’s well over the $1.8bn Wall Street expected Palantir to bring in for the second quarter.

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