tech
Palantir soars as corporate AI sales surge in U.S.
U.S. commercial software sales rose roughly 150% in the second quarter.
TL;DR
- Palantir's sales of AI software to U.S. corporations saw a surge in the second quarter.
- U.S. commercial software sales increased by about 150% to $764 million.
- Sales to the U.S. government were reported at $809 million, up 90% year-over-year.
- The company raised its full-year guidance for revenue, adjusted income, and free cash flow.
- Palantir CEO Alex Karp highlighted the company's ability to transform 'tokens into actual economic value'.
- The company's stock jumped over 10% in after-hours trading.