Tag Archives: Palantir

Palantir cuts revenue forecast, says govt contracts timing ‘uncertain’

Palantir cuts revenue forecast, says govt contracts timing ‘uncertain’

By Chavi Mehta (Reuters) -Palantir Technologies Inc lowered its annual revenue forecast to below market estimates after the data analytics software company reported a surprise quarterly loss on Monday, sending its shares down 15%. The company had to temper its revenue forecast as the timing of some government contracts remained uncertain, Chief Executive Alexander Karp said, calling the uncertainty “frustrating.” The large size of the government awards and the long-drawn procurement procedure… Source link

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BigBear.ai And Palantir Announce Strategic Partnership, Combining AI-powered Products With Next Generation Operating Platform

BigBear.ai And Palantir Announce Strategic Partnership, Combining AI-powered Products With Next Generation Operating Platform

COLUMBIA, Md. & DENVER, November 15, 2021–(BUSINESS WIRE)–BigBear.ai, a leading provider of artificial intelligence, machine learning, big data analytics, and cyber solutions, and Palantir Technologies Inc. (NYSE: PLTR), a software company that builds enterprise data platforms for use by organizations with complex and sensitive data environments, today announced that they have entered into a commercial partnership under which BigBear.ai’s and Palantir’s products will be integrated to… Source link

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Palantir Expects 40% Revenue Growth in FY 2021; Q3 US Commercial Revenue up 103% Y/Y

Palantir Expects 40% Revenue Growth in FY 2021; Q3 US Commercial Revenue up 103% Y/Y

DENVER, November 09, 2021–(BUSINESS WIRE)–Palantir Technologies Inc. (NYSE:PLTR) today announced financial results for the third quarter ended September 30, 2021. Q3 2021 Highlights Total revenue grew 36% year-over-year to $392 million Added 34 net new customers in Q3 Commercial customer count grew 46% quarter-over-quarter US commercial revenue grew 103% year-over-year Cash flow from operations of $101 million, representing a 26% margin Adjusted free cash flow of $119 million, representing a 30%… Source link

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Too Much Cash can be a Problem. Why Palantir Technologies (NYSE:PLTR) may want to Reinvest More Into Future Growth

Too Much Cash can be a Problem. Why Palantir Technologies (NYSE:PLTR) may want to Reinvest More Into Future Growth

This article was originally published on Simply Wall St News Palantir Technologies ( NYSE:PLTR ) shareholders have done very well over the last year, with the share price soaring by 136%. Even though the company is currently unprofitable, investors are putting a lot of faith in the growth and future value of Palantir. The company just won a US$823m contract from the U.S. Army , and we wanted to examine the cash capacity of the company to withstand expenses until reaching profitability. Thus,… Source link

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Pfizer, Alibaba, Nvidia, Moderna, Palantir — Stocks Buzzing On WallStreetBets Heading Into New Week

Pfizer, Alibaba, Nvidia, Moderna, Palantir — Stocks Buzzing On WallStreetBets Heading Into New Week

Heading into a new trading week, Pfizer Inc. (NYSE: PFE), Alibaba Group Holding Limited (NYSE: BABA), Nvidia Corp. (NASDAQ: NVDA) and Moderna Inc. (NASDAQ: MRNA) are among the stocks seeing the highest interest on Reddit’s r/WallStreetBets forum. What Happened: Pfizer has emerged as the most-discussed stock on the forum with 106 mentions, followed by exchange-traded fund SPDR S&P 500 ETF Trust (NYSE: SPY) with 102 mentions, data from Quiver Quantitative showed. Chinese e-commerce giant… Source link

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Palantir Reports 49% Revenue Growth; US Commercial Revenue Up 90% Y/Y

Palantir Reports 49% Revenue Growth; US Commercial Revenue Up 90% Y/Y

DENVER, August 12, 2021–(BUSINESS WIRE)–Palantir Technologies Inc. (NYSE:PLTR) today announced financial results for the second quarter ended June 30, 2021. Q2 2021 Highlights Total revenue grew 49% year-over-year to $376 million US commercial revenue grew 90% year-over-year Closed 62 deals of $1 million or more, of which: 20 net new customers added in Q2 2021, total customers up 13% quarter-over-quarter Commercial customer count increased 32% quarter-over-quarter Cash flow from operations of $23… Source link

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Palantir Recognized with Amazon Web Services Global Public Sector Partner Award

Palantir Recognized with Amazon Web Services Global Public Sector Partner Award

Palantir recognized for its groundbreaking COVID-19-fighting work among AWS Global Public Sector partners DENVER, Jun 17, 2021–(BUSINESS WIRE)–Palantir Technologies Inc. (NYSE:PLTR) announced today that it was named as a 2021 Global AWS Partner Network (APN) Public Sector Partner Award winner for its Palantir platform in its work to combat COVID-19. The AWS Global Public Sector Partner Awards recognize leaders in the channel playing a key role helping customers drive innovation and build… Source link

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Alibaba, Amazon, Palantir, Google, Takeda, Unity — What Cathie Wood’s Ark Bought And Sold On Thursday

Alibaba, Amazon, Palantir, Google, Takeda, Unity — What Cathie Wood’s Ark Bought And Sold On Thursday

Cathie Wood’s Ark Investment Management sends out an email every night listing the stocks that were bought or sold by the firm’s ETFs that day. In recent months, the emails have known to cause certain stocks to see a spike in the after-hours session. Here’s a list of 39 stocks that the hedge fund bought and sold on Thursday. Trades For Ark Fintech Innovation ETF (NYSE: ARKF): Opendoor Technologies Inc (NASDAQ: OPEN): Bought 468,600 shares of the online real estate company, representing… Source link

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