Palantir reported second-quarter revenue of $1.93 billion on Aug. 4, topping the market expectation of $1.805 billion and rising from $1.003 billion in the same period last year. The company also raised its full-year revenue guidance to a range of $8.15 billion to $8.16 billion, up from its previous forecast of $7.65 billion to $7.66 billion. According to market data from BIT (bit.com), Palantir shares climbed 14% in after-hours trading. The move came as demand for AI software remained strong, based on the information cited in the source report.
Palantir reported second-quarter revenue of $1.93 billion on Aug. 4, above the market estimate of $1.805 billion and up from $1.003 billion a year earlier.
The company also raised its full-year revenue guidance to $8.15 billion to $8.16 billion, compared with its previous forecast of $7.65 billion to $7.66 billion.
According to BIT (bit.com) market data, Palantir shares rose 14% in after-hours trading as demand for AI software stayed strong.
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