Palantir: explosive on Wall Street?







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(Boursier.com) — Palantir jumped 17% before market on Wall Street this Thursday, while the “star” of AI has just revealed its fourth consecutive quarter of profitability and its best historical profit. The group cites the strong demand for its artificial intelligence offerings. “We achieved the largest profit in our company’s twenty-year history,” said Alex Karp, Palantir’s chief executive officer. In the quarter ended at the end of September, the group generated a net profit of $72 million. Revenues rose 17% to $558 million. The Denver group now anticipates annual adjusted operating profit ranging from $607 million to $611 million, compared to a consensus of $577 million. Annual revenues are expected at 2.22 billion.


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