Reported 6 days ago
Palantir Technologies, a leading data analytics software developer, has been gaining traction in the defense sector, particularly with a recent contract win worth nearly $1 billion from the Naval Information Warfare Center. The company's growth has been significant, with 40% year-over-year revenue increase from U.S. government contracts, now surpassing $1 billion annually. Despite the stock's high price-to-sales ratio, Palantir is well-positioned in the evolving AI-driven military landscape, prompting interest from major tech firms like Microsoft and Amazon to integrate its services into their cloud platforms.
Source: YAHOO