Palantir Technologies reported strong growth in its U.S. government revenue, which increased 53% to $426 million last quarter. Concurrently, U.S. commercial revenues demonstrated even more rapid expansion, growing 93% in the last quarter.
The company recently secured a contract worth up to $10 billion for data and software, aimed at streamlining efficiencies and meeting growing military needs. Additionally, the Department of Defense boosted its agreement with Palantir for artificial intelligence-powered battlefield capabilities by $795 million in May.
These figures underscore Palantir's significant momentum and its deep integration within the U.S. military and commercial sectors. The company's strong performance in these key areas is a primary driver of its overall growth and market valuation.
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