Reported 2 months ago
Palantir Technologies has increased its annual revenue and profit forecasts for the second time this year, attributing the boost to the growing demand for generative AI services. Following these announcements, the company's shares rose over 12% during extended trading, showcasing a strong year-to-date performance. The firm anticipates annual revenue between $2.74 billion and $2.75 billion, surpassing previous estimates, while third-quarter sales are also projected to exceed expectations.
Source: YAHOO