Palantir stock climbs as strong earnings and guidance impress investors
Palantir’s strong numbers were driven by a 52% year-over-year and 12% quarter-over-quarter increase in revenue in the U.S., with U.S. commercial revenue up 64% year-over-year and government revenue up 45%. The company closed 129 details of at least $1 million in the quarter, 58 deals of at least $5 million and 32 deals of at least $10 million.