Reported 6 months ago
Palantir Technologies, which went public in 2020, has shown remarkable growth over the past decade. The company's quarterly profits now surpass the annual revenue it generated 10 years ago, reflecting substantial progress. Palantir's profitability, especially with a 17% profit margin last quarter, marks a significant achievement for a tech company that was once unprofitable. The growth in its commercial and government segments, along with the introduction of the AIP platform, has been driving Palantir's success, evident in its strong revenue and profit margins. Despite the stock's recent surge and high valuation, long-term investors may still find potential in Palantir's future expansion.
Source: YAHOO