BUSINESSFORTUNE
Palantir CEO Alex Karp celebrates 93% revenue growth as stock soars after blockbuster earnings: ‘For the first time people believe us’
Palantir CEO Alex Karp highlighted a 93% year-over-year revenue surge to $1.94 billion and a 14% stock price jump in after-hours trading following strong Q2 earnings. The company attributed its success to larger AI deals and U.S. demand, with U.S. commercial revenue growing 149% and government revenue rising 90%. Karp stated this marks a turning point where investors now believe in the company’s approach.
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