Palantia Stock Surges Rapidly, Sales Forecasts Raised - Due to AI Software Demand

2024/8/6 13:37 JST (some excerpts)
The full-year sales forecast was revised upward to 2.7 billion 40 million to 2.7 billion 50 million dollars
Sales for the April-June period increased 27%, exceeding market expectations - strong private sector business
The stock price of US Parentia Technologies rose rapidly on the 5th due to overtime trading in the US stock market. The full-year outlook was revised upward due to continued demand for the company's artificial intelligence (AI) software.

Palantia raised its 2024 full-year sales forecast to 2.7 billion 40 million to 2.7 billion 50 million dollars (approximately 398 billion to 399 billion yen). According to Bloomberg data, the analysts' forecast was 2.7 billion dollars. The company also revised its adjusted operating profit forecast upward to 966 million to 974 million dollars. Analysts forecast 882.9 million dollars.