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Salesforce CEO sends message on Palantir after $950M deal

Core Insights - Palantir Technologies has achieved a significant milestone with a market capitalization of $432.51 billion, reflecting a 3% increase on September 19, despite having only a fraction of the revenue compared to competitors like Salesforce [1][2] - The company has secured its largest foreign contract, a £750 million ($950 million) deal with the UK Ministry of Defence, which will enhance its AI capabilities across various sectors [3][4] Financial Performance - Q2 revenue reached $1.03 billion, marking a 48% year-over-year increase, while net income surged to $327 million, up 144% [5] - Year-to-date share performance has increased by 300%, with a 52-week low of $35.71 and a high of $190.00 [5] Strategic Developments - The new five-year contract with the UK Ministry of Defence represents a tenfold increase from a previous £75 million contract, indicating a long-term strategic commitment [6] - This contract is part of a broader £1.5 billion investment initiative through 2030, expected to create 350 new jobs [6] - The timing of this military expansion is linked to political considerations within the context of the UK-U.S. "special relationship" [7]