Palantir lifts annual revenue forecast again as AI demand accelerates

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Palantir Technologies on Monday raised its annual revenue forecast for the second time this year, expecting sustained demand for its AI-linked services from businesses and governments.

The data analytics and defense software firm is getting a boost from U.S. President Donald Trump’s focus on national security and a shift in the Pentagon’s software-buying process towards commercial and “non-traditional” providers.

Last week, the U.S. Army said it might purchase services of up to $10 billion from the company over a decade.

Palantir’s shares were up 4% in…



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Palantir lifts annual revenue forecast again as AI demand accelerates



Palantir Technologies on Monday raised its annual revenue forecast for the second time this year, expecting sustained demand for its AI-linked services from businesses and governments.

The data analytics and defense software firm is getting a boost from U.S. President Donald Trump’s focus on national security and a shift in the Pentagon’s software-buying process towards commercial and “non-traditional” providers.

Last week, the U.S. Army said it might purchase services of up to $10 billion from the company over a decade.

Palantir’s shares were up 4% in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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