Reported 2 months ago
Palantir Technologies saw its stock price rise after the company raised its annual outlook due to strong demand for its artificial intelligence software. CEO Alex Karp described the earnings report as historic, increasing revenue guidance to $2.74-$2.75 billion and adjusted operating income to $966-$974 million for 2024. The company highlighted its crucial role in military applications and reported a significant rise in both government and commercial sales.
Source: YAHOO