Palantir raises 2024 forecast on robust AI demand [Reuters]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Reuters
May 6 (Reuters) - Data analytics firm Palantir Technologies raised its annual revenue and profit forecast and beat first-quarter sales estimates on Monday, riding on strong demand for its services that help businesses deploy artificial intelligence applications. The company has emerged as a winner of the generative AI boom thanks to its artificial intelligence platform, which is used to test and debug code and help evaluate AI-related scenarios, among other uses. "AIP is driving a huge part of both our new customers and growth within existing customers and its having a huge impact on our business," chief revenue officer Ryan Taylor told Reuters. Taylor said businesses were signing "seven-figure deals shortly" after completing its AI bootcamps, which give potential clients access to its platform for up to five days and have been credited with driving rapid customer additions. Report this ad Palantir said it conducted 660 boot camps in the first quarter and closed 87 deals wo
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PLTR
Earnings
- 5/6/24 - Beat
PLTR
Sec Filings
- 5/10/24 - Form 4
- 5/10/24 - Form 144
- 5/9/24 - Form 144
- PLTR's page on the SEC website