Palantir Technologies Inc.

Palantir Technologies Inc. exceeded analyst expectations in terms of revenue as well as earnings, reflecting robust performance across various sectors. In Q3, Palantir closed 80 deals exceeding $1 million in 30 diverse industries. The US commercial customer base experienced a substantial 12% quarter-over-quarter increase, marking a tenfold growth in just three years. The company attributes this impressive growth to the ongoing transformation spearheaded by AIP. The introduction of AIP boot camps in the last quarter revolutionized Palantir’s go-to-market strategy, enabling the delivery of tangible workflows on actual customer data in five days or less, a significant improvement compared to traditional pilots that typically span one to three months. These boot camps have proven instrumental in fostering quicker time-to-value for customers, engaging diverse stakeholders, and expanding contracts. Palantir is on track to conduct boot camps for over 140 organizations by the end of November, showcasing a commitment to driving transformative change in customer interactions. Amidst these achievements, Palantir remains rooted in its founding principles, emphasizing its commitment to counterterrorism. The company continues to provide intelligence and defense capabilities globally, responding to the world’s evolving needs.