Palantir Technologies Inc reported first-quarter FY22 revenue growth of 31 percent year-on-year to $446 million, beating the consensus of $443.4 million. Revenue Drivers Commercial revenue grew 54 percent Y/Y. U.S. commercial revenue rose 136 percent Y/Y. Palantir customer count grew 86 percent Y/Y. Government revenue grew 16 percent Y/Y. Margins The adjusted operating margin contracted 800 bps…
Palantir Wins $13 Million Contract From Longtime Partner UK Defense Ministry
Palantir Technologies Inc. bagged a £10 million ($12.5 million) 12-month contract with the UK Ministry of Defense, Bloomberg reports. Palantir will support UK Defense Ministry’s Foundry platform, which lets users cut costs by automating work and reducing data-processing time. Co-founded by billionaire Peter Thiel and Alex Karp, the data analytics company initially focused on selling software…
CDC Taps Palantir to Support COVID-19 Drug Supply in US
February 23, 2022
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The Centers for Disease Control and Prevention (CDC) has awarded Palantir Technologies Inc. a $5.3 million contract to manage distribution of COVID-19 drugs in the United States, the software maker said on Tuesday. The contract for supporting distribution of therapeutics is for a duration of six months, Palantir said. The new partnership is an extension…
Palantir Shares Crash Monday: What’s Next?
Palantir Technologies Inc. shares are trading lower Monday as the market continues to dip. The market as a whole has been dropping the past couple of weeks as technology stocks see a bear market. Palantir was down 11.35 percent at $12 at publication Monday. Palantir Daily Chart Analysis The stock was trading in what technical traders call…
Tesla Dips After Musk Sheds $5 Billion in Shares
Tesla’s stock declined slightly on Thursday after filings revealed Chief Executive Elon Musk sold about $5 billion worth of his shares this week following his much-hyped Twitter poll. The electric-car maker’s stock ended the session down 0.4 percent at $1,063.51 after tumbling earlier in the week. Musk’s share sale was his first since 2016 and…
Cathie Wood Backs Elon Musk’s Stock Sales, Says Tesla Selloff ‘Nothing but a Blip,’ Wouldn’t Buy Rivian at Current Levels
Tesla Inc. bull Cathie Wood on Wednesday reiterated her $3,000 price target for the electric vehicle stock for 2025, dubbing the the recent selloff as “nothing but a blip” and said wouldn’t buy just-listed Rivian Autoimotive Inc. What Happened Tesla shares have retreated 13.4 percent in the past five days after CEO Elon Musk’s Twitter…
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