Palantir Blows Earnings Out Of The Water Making Anything Possible For Its Future
The AI stock is basking in its recent good news
Palantir Technologies (PLTR) has delivered a wildly impressive third-quarter earnings report for 2024, showing off robust growth and exceeding analyst expectations across a number of key financial metrics. The continued meteoric rise of the AI stock makes their future appear increasingly rosier.
Founded in 2003, Palantir manufactures software platforms that provide big data analytics. This includes advanced defense and intelligence capabilities that have made them renowned for their big data analytics platforms. This reputation has helped forge strategic partnerships that span various sectors, including government, private enterprise, and technology.
Palantir’s partnerships with industry leaders are absolutely a tent pole to its business model. The company has established strong relationships with a number of key agencies and companies, leveraging these collaborations to drive their own growth and innovation.
In the Q3 earnings report of 2024, Palantir reported a stellar revenue growth of 30% year-over-year, reaching $725.52 million for the quarter. This figure smashed the consensus estimate of $701.13 million. This growth was primarily driven by strong…
