Palantir Technologies Inc.
- Palantir Technologies surged 15.8% to $19.38 after the company reported a jump in its commercial customers.
Revenue in the fourth quarter jumped 20% to $608.4 million from $508.6 million, net income soared to $93.4 million from $30.9 million, and diluted earnings per share advanced to 4 cents from 1 cent.
The company said demand for its AI-driven and large language-based platform is "unrelenting."
The company also said the number of commercial customers increased by 55% to 221 from 143 a year ago.
The company forecasted first-quarter revenue between $612 million and $618 million and full-year revenue between $2.65 billion and $2.67 billion.
Feb 6, 2024
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