By Jaspreet Singh and Juby Babu
Aug 3 (Reuters) - Palantir Technologies on Monday raised its annual revenue forecast again, signaling strong government and commercial demand for its data ****** ytics software, sending its shares up 14% in extended trading.
Denver-based Palantir has increasingly been marketing military-grade AI tools to businesses through its artificial intelligence platform that helps companies integrate and develop the technology.
"Our business is compounding at a rate and scale that we have never before witnessed," Palantir CEO Alex Karp said in a letter to shareholders.
The company, which enables government and enterprise clients to make decisions using their own data, forecast annual revenue between $8.150 billion and $8.158 billion, up from $7.650 billion to $7.662 billion earlier.
#billion #revenue #government
Aug 3 (Reuters) - Palantir Technologies on Monday raised its annual revenue forecast again, signaling strong government and commercial demand for its data ****** ytics software, sending its shares up 14% in extended trading.
Denver-based Palantir has increasingly been marketing military-grade AI tools to businesses through its artificial intelligence platform that helps companies integrate and develop the technology.
"Our business is compounding at a rate and scale that we have never before witnessed," Palantir CEO Alex Karp said in a letter to shareholders.
The company, which enables government and enterprise clients to make decisions using their own data, forecast annual revenue between $8.150 billion and $8.158 billion, up from $7.650 billion to $7.662 billion earlier.
#billion #revenue #government
3 months ago
