{"id":243018,"date":"2025-11-04T09:15:11","date_gmt":"2025-11-04T09:15:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/243018\/"},"modified":"2025-11-04T09:15:11","modified_gmt":"2025-11-04T09:15:11","slug":"ai-powers-palantir-juggernaut-to-big-rise-in-sales-and-profits","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/243018\/","title":{"rendered":"AI powers Palantir \u2018juggernaut\u2019 to big rise in sales and profits"},"content":{"rendered":"

Palantir Technologies beat Wall Street\u2019s high expectations for third-quarter revenue and profit amid huge sales growth in the software giant\u2019s artificial intelligence and data analytics products.<\/p>\n

The Denver-based company said that revenue grew 63 per cent to $1.18 billion in the three months to the end of September, beating consensus forecasts of $1.09 billion. Net income rose 231 per cent year-on-year to $475.6 million.<\/p>\n

Alex Karp, Palantir\u2019s chief executive, said the company\u2019s commercial business in the US had become \u201can absolute juggernaut\u201d, growing 121 per cent on last year to generate revenue of $397 million in the quarter. <\/p>\n

\u2022 Palantir raises revenue forecast to $4bn as AI demand takes off<\/a><\/p>\n

Palantir raised its annual sales forecast to $4.4 billion, up from its previous outlook of up to $4.15 billion. The company\u2019s sales have surged on the back of the artificial intelligence boom.<\/p>\n

The company, founded in 2003 by a group including Karp and Peter Thiel<\/a>, the billionaire co-founder of PayPal, builds software that organises and analyses troves of data for governments and companies in an effort to improve decision-making.<\/p>\n

It was originally started to build software for US intelligence agencies to assist in counterterrorism investigations and operations with the goal of preventing another 9\/11-scale attack. It later expanded to work with corporate clients facing similar challenges in working with data.<\/p>\n

Palantir has built four principal software platforms. They include Gotham and Foundry, which allow organisations to integrate massive amounts of information into a data platform that reflects their operations. The company builds an \u201contology\u201d, or digital twin of an organisation, which takes datasets and connects them to real-world counterparts, ranging from physical assets such as plants and equipment to customer orders or financial transactions.<\/p>\n

There has been huge growth in Palantir\u2019s corporate revenues since it launched its artificial intelligence platform in April 2023, five months after OpenAI unveiled ChatGPT and the world began to understand the power of generative AI. The platform combines Palantir\u2019s machine-learning technologies with the latest large-language models. When it launched, Karp said: \u201cOur software and company were built for this moment.\u201d<\/p>\n

\u2022 Alex Karp was a pariah. Now he has the ear of presidents and PMs<\/a><\/p>\n

He bet that the deployment of the latest AI models across a range of industries would only be possible using the kind of platforms, developed by Palantir, that can ensure they are used within the legal and regulatory confines of their businesses.<\/p>\n

Palantir\u2019s revenue from the US government rose 52 per cent in the third quarter to $486 million.<\/p>\n

The company also has contracts with western militaries and governments, including in the UK, where it works with the NHS.<\/p>\n

Palantir\u2019s stock, already at a record and up 400 per cent from a year ago, edged up $0.55, or 0.3 per cent, to $207.73 in after-hours trading on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"Palantir Technologies beat Wall Street\u2019s high expectations for third-quarter revenue and profit amid huge sales growth in the…\n","protected":false},"author":2,"featured_media":243019,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[554,733,4308,86,56,54,55],"class_list":["post-243018","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-technology","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/243018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=243018"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/243018\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/243019"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=243018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=243018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=243018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}