Palantir released third-quarter results that beat analysts' expectations on top and bottom lines.
The company's revenue for the third quarter increased 17% to $558 million from $478 million a year earlier.Alex Karp, co-founder and CEO of Palantir arrives for a US Senate bipartisan Artificial Intelligence Insight Forum at the US Capitol in Washington, DC, on September 13, 2023.Palantir's revenue for the third quarter increased 17% to $558 million, from $478 million a year earlier. The company reported a net income of $72 million, or 3 cents per share, compared with a net loss of $123.
The data analytics company's U.S. commercial revenue grew 33% year over year. Palantir, which is known for its work with the government, said its U.S. commercial customer count increased 37% year over year, growing from 132 customers to 181. Palantir said it expects to report between $599 million and $603 million in revenue during its fourth quarter and raised its revenue guidance for the full year between $2.216 billion and $2.22 billion. In its
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