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Seeking AI Exposure? Use This Zacks Tool
ZACKSยท 2025-11-07 02:16
Core Insights - The article highlights the significant growth and potential of Palantir (PLTR) within the Artificial Intelligence (AI) sector, showcasing its strong financial performance and increasing customer base [4][5][6]. Company Performance - Palantir reported quarterly sales of $1.2 billion, marking a 63% increase year-over-year [4]. - The company achieved a record Total Contract Value (TCV) of $2.8 billion, which is a 340% increase compared to the same period last year [5]. - Customer count grew by 45% year-over-year, indicating strong momentum and demand for its services [6]. Revenue Growth Projections - Palantir provided guidance for Q4, expecting a sequential quarterly revenue growth of 61%, which is the highest in its history [8]. - The company also raised its sales, adjusted operating income, and adjusted free cash flow guidance for the current year [8].