Palantir Raises Revenue Forecast
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annual revenue forecastReuters
•Palantir raises 2024 revenue forecast again on robust AI adoption; shares surge
80% Informative
Palantir Technologies raised its annual revenue forecast for the third time.
Shares of the company rose about 8% in extended trading.
The data analytics company has benefited from a boom in GenAI technology, as more companies turn to its AI platform, which is used to test, debug code and evaluate AI -related scenarios.
The company also recorded its largest-ever profit, with net income of $144 million in the third quarter .
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