Palantir Technologies delivered another blockbuster quarter on Monday, easily surpassing Wall Street expectations as demand for its artificial intelligence software continued to accelerate across both government and commercial customers.
The company's shares jumped in after-hours trading after the results. The Denver-based software firm reported adjusted earnings of 41 cents per share for the second quarter, beating analysts' expectations of 35 cents, while revenue climbed to $1.94 billion, well ahead of the $1.80 billion forecast compiled by LSEG.
