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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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Palantir shares pop 10% after company posts strong earnings and outlook

Palantir Technologies stunned Wall Street with record-breaking Q4 2024 earnings, showcasing 36% year-over-year revenue growth to $828 million. Fueled by its dominance in AI and data analytics, the company projects ambitious 2025 growth, solidifying its leadership in innovation across commercial and government sectors while redefining the future of technology.

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Palantir Technologies stunned Wall Street on Monday with an earnings report that exceeded all projections, igniting a surge in its stock price by a remarkable 23% during extended trading hours. The data analytics and artificial intelligence giant once again underscored its growing dominance at the intersection of technology and innovation—a triumph for the company and a wake-up call for its competitors.

The fourth-quarter earnings for 2024 were nothing short of extraordinary. Palantir reported adjusted earnings per share of $0.14 and revenue of $828 million, overshadowing analysts’ expectations. This marked a striking 36% year-over-year increase from $608.4 million in Q4 2023. For the full year, the company achieved an impressive 29% revenue growth, signaling a robust and sustainable upward trajectory.

Heading into 2025, the company’s outlook is equally ambitious. Palantir projects Q1 revenue between $858 million and $862 million, significantly higher than analysts’ estimates of $799 million. Full-year guidance predicts revenue between $3.74 billion and $3.76 billion. Should these forecasts materialize, Palantir will further cement its standing as a leader in artificial intelligence and data analytics, as well as a transformational force across multiple industries.

CEO Alex Karp attributed this success to the company’s forward-thinking approach to AI, noting, “We are in the earliest stages of a revolution that will unfold over years and decades.” Palantir’s early investments in artificial intelligence and large language models positioned it ahead of competitors, allowing the company to harness emerging opportunities in both commercial and government sectors. AI is not merely a strategic focus for Palantir; it has become the core of its operations.

The numbers underscore its achievements. In Q4 2024, U.S. commercial revenue surged by 64% year-over-year to $214 million, while U.S. government revenue climbed by 45% to $343 million. The company anticipates U.S. commercial sales to grow by at least 54% in 2025, pushing this segment beyond $1 billion annually for the first time in its history. This rapid growth reflects Palantir’s ability to meet evolving market demands while solidifying its partnerships across sectors.

But there’s more to Palantir’s meteoric rise than just numbers. The company has carved out a dual mission: advancing U.S. technological leadership while fostering global collaboration. Karp has openly emphasized the urgency of staying ahead in the competitive AI landscape, particularly as companies in countries like China, such as DeepSeek, advance their own innovations. “We are in a race,” he stated, underlining not just the importance of technological dominance but also the ethical considerations of how these advancements are deployed.

In 2024, Palantir’s stock experienced a dramatic rise of 340%, an ascent fueled by its inclusion in the S&P 500 and Nasdaq 100 indices. This achievement not only reflected investor confidence but also highlighted the company’s growing relevance in society. From bolstering national security projects to driving economic growth, Palantir has managed to position itself as a pivotal player in shaping the future of both technology and global infrastructure.

 


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