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Palantir posts ‘highest-ever’ revenue growth rate of 96% as investors’ patience rests on a hair trigger
Palantir Technologies said Monday that third quarter revenue rose 96% year over year to $2.3 billion, surpassing last year’s 63% growth and $1.2 billion in revenue.
Summary
Palantir Technologies said Monday that third quarter revenue rose 96% year over year to $2.3 billion, surpassing last year’s 63% growth and $1.2 billion in revenue. Chief financial officer David Glazer called it the “highest-ever” reported year-over-year growth rate as well as the highest ever sequential revenue growth rate of 20%. Moreover, quarterly revenue crossed the $2 billion milestone marker for the first time. It raised its full-year revenue forecast to between $8.53 billion and $8.534 billion, roughly 91% growth, from as high as $8.2 billion a quarter ago.
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