Palantir Beats First Quarter Revenue Estimates
The company reported 1.63 billion dollars in revenue driven by a 133 percent jump in US commercial sales. Government demand rose 84 percent during the quarter.
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PALANTIR TECHNOLOGIES INC-A reported first-quarter revenue of $1.63B on Monday afternoon, beating LSEG estimates of $1.54B. Revenue from United States commercial customers rose 133% to $595M during the quarter. The expansion of AI software across defense and corporate sectors signals a shift toward long-term operational automation.
