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Palantir’s AI-Driven Growth Continues Unabated, Says Analyst
Palantir’s AI-Driven Growth Continues Unabated, Says Analyst
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Palantir Technologies (PLTR) reinforced its position as a leader in artificial intelligence with a stellar second-quarter performance. Revenue surged 48% year-over-year to $1.0 billion, significantly surpassing the $940 million consensus estimate. Operating income jumped 83% to $464 million, while free cash flow more than tripled to $569 million.
The company's Gotham and Foundry platforms continue to drive adoption across government and commercial sectors, leveraging what senior Hargreaves Lansdown analyst Matt Britzman calls an 'ontology framework' that shows 'no signs of slowing down.' Palantir now forecasts full-year revenue between $4.1-$4.2 billion, up from prior guidance of $3.9 billion.
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