Palantir Technologies reported $1 billion in revenue for Q2, marking a 48% increase year-over-year and surpassing the billion-dollar milestone for the first time. U.S. revenue rose 68% to $733 million, driven by a 93% increase in the commercial segment centered on the Artificial Intelligence Platform (AIP). Adjusted earnings per share reached $0.16, exceeding analyst expectations. U.S. commercial customer count grew 64%, with total contract value increasing 222% to $843 million. These results reinforce Palantir’s leadership in AI and data analytics, shining a light on the company's growth potential for investors.
Palantir Technologies reported $1 billion in revenue for Q2, representing a 48% year-over-year increase, including a 68% surge in U.S. revenue to $733 million.
The U.S. commercial segment experienced significant growth with a 93% increase driven by the Artificial Intelligence Platform (AIP), and a 222% rise in total contract value.
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