$Palantir (PLTR.US)$ Palantir's second quarter revenue outlo...

Palantir's second quarter revenue outlook exceeds expectations.
Palantir Technologies Inc.'s stock price rose on Monday, surpassing the latest financial report of the software company, but these gains were wiped out in after-hours trading.
However, Palantir has raised its strong momentum for its artificial intelligence platform, called AIP, on Monday.
The software company now expects annual revenue of $26.77 billion to $26.89 billion, up from its previous forecast of $26.52 billion to $26.68 billion. Revenue for the second quarter is forecasted to be $0.649 billion to $0.653 billion, surpassing consensus expectations of $0.643 billion.
Palantir also expects full-year adjusted operating profit of $0.868 billion to $0.88 billion, compared to its previous forecast of $0.834 billion to $0.85 billion.
CEO Alex Karp said in a letter to shareholders, 'Growing parts of corporate America are increasingly turning to us, and they are more clear than ever how artificial intelligence and big language models will reshape their industries.'
These improved prospects come after Palantir exceeded expectations in the first quarter. The company reported revenue of $0.634 billion, compared to $0.525 billion in the same period last year, while analysts tracked by FactSet forecasted $0.615 billion.
Net income was $0.106 billion, earning 4 cents per share, compared to $17 million, or 1 cent per share, in the same period last year. This marks the sixth consecutive quarter of GAAP profitability for Palantir. Analysts had expected earnings of 3 cents per share.
After adjustment, the company's reported earnings per share are 8 cents, in line with FactSet's consensus expectations.
Palantir's software stands out in the field of generative AI. While other AI software mainly focuses on chat applications, Palantir's products leverage large language models to drive operational results based on customer data.
The company's US commercial business (excluding the impact of strategic investments) grew by 68%. It is worth noting how customers are doing more things faster.
Meanwhile, Palantir's US government business grew by 12% compared to the same period last year, and grew by 8% compared to the previous quarter, and is in a phase of reacceleration. The "significantly impactful" Titan agreement reached by PLTR with the US Army has opened up "brand new opportunities world" for the company in the US government.
When winning the Army award, Palantir became the first software company to win the main contract for a hardware system.

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