1 month ago
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Palantir Technologies declared, “We are an n of 1” in the artificial intelligence software market on Monday, as the data analytics group reported yet another set of record quarterly results, sending its shares surging nearly 8% in late trading.
Investors cheered a powerful combination of faster growth, fatter margins, and a revenue outlook “crushing consensus expectations,” prompting a sharp rebound in a stock that had stumbled to start the year.
In his trademark outspoken style, CEO Alex Karp crowed on the following earnings call about “one of the truly iconic performances in the history of corporate performance or technology.” He argued that Palantir’s results would be “stellar, unusual, and sublime for a company that was in a much earlier stage of its development,” but this company is over 20 years old: “You just cannot expect a company like ours to perform at anything like this level.”
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