Palantir raises annual revenue forecast again on surging AI demand

(Reuters) -Palantir Technologies increased the annual income forecast for the second time this year and expected solid demand from businesses and governments against artificial intelligence -related services.

Data Analysis and Defense Software firm envisaged between $ 4.14 billion for $ 4.15 billion for 2025, between $ 3.89 billion and $ 3.90 billion from the previous estimate.

According to the data compiled by LSEG, the increasing estimation is over an average estimation of analysts an average estimation of $ 3.90 billion.

Palantir, initially supported by the CIA, has benefited from its expertise in managing and analyzing data to help training and run new AI applications using platforms.

Denver, the Colorado -based company has increased by more than 2% in expanded transaction.

Since investors betrayed AI technology and the ability to benefit from expenditures on defense technology, their shares had more than twice this year.

Technology Billionaire Peter Thiel founded by Palantir, now revenue from US enterprises from the guidance of more than $ 1.18 billion, he said he expects to increase over $ 1.30 billion.

In June quarter, it doubled for almost $ 306 million. The business is closely monitored while working to reduce its confidence in government agreements.

Sales to the US government increased by 53% to 426 million dollars and represented more than 42% of the second quarter income exceeding their forecasts.

Last week, the US Army said he could buy services from Palantir to $ 10 billion for ten years.

Palantir also estimates the third quarter sales above the estimates.

The company’s second quarter of the company’s 16 cents fixed earnings per share 14 cents estimates.

(Reporting by Arsheeya Bajwa in Bengaluru;