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Palantir raises annual revenue forecast on 'unprecedented demand' for AI platform
reuters.com/technology/palantir-raises-annual-revenue-forecast-unprecedented-demand-ai-platform-2023-08-07/
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Key FactsPalantir raises revenue target, announces share buyback
Aug 7, 2023 · Reading time: ~30 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- Palantir Technologies slightly raises annual revenue forecast and announces share buyback of up to $1 billion.
- After the announcement, Palantir's stock rose 3.5% in after-hours trading.
- The share buyback is significant for Palantir and contributed to the stock's recovery.
- In the second quarter, Palantir's revenue increased by 13% with slower growth in government and commercial revenue.
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American software and services company, specializing in data analysis
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