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Palantir co-founder and CEO Alex Karp: Software company records annual profit and rising share price
According to a report from www.faz.net, software and analytics company Palantir announced net income of $210 million for the first time and expects adjusted earnings of between $834 million and $850 million for the current year. This optimism is also reflected in the share price, which rose 15 percent in after-hours trading. The prospect of Palantir running out of orders has caused the company's commercial business to explode. This is primarily due to the high demand for products in the field of artificial intelligence. Palantir CEO Karp said in an interview that they didn't know how to deal with the...
Palantir co-founder and CEO Alex Karp: Software company records annual profit and rising share price
According to a report by www.faz.net, software and analytics company Palantir reported net income of $210 million for the first time and expects adjusted earnings of between $834 million and $850 million for the current year. This optimism is also reflected in the share price, which rose 15 percent in after-hours trading.
The prospect of Palantir running out of orders has caused the company's commercial business to explode. This is primarily due to the high demand for products in the field of artificial intelligence. Palantir CEO Karp said in an interview that they didn't know how to handle the onslaught of demand.
The company's positive development is also reflected in the share price, which rose to a high of $20.04 in after-hours trading. The share price has almost doubled in the last twelve months. This strong performance and the positive forecast for the current year could further increase investor interest in Palantir and have a lasting impact on the financial industry.
Read the source article at www.faz.net