Palantir posts ‘highest-ever’ revenue growth rate of 96% as investors’ patience rests on a hair trigger

Palantir Technologies said Monday that third quarter revenue rose 96% year over year to $2.3 billion, surpassing last year’s 63% growth and $1.2 billion in revenue. It raised its full-year revenue forecast to between $8.53 billion and $8.534 billion, roughly 91% growth, from as high as $8.2 billion a quarter ago. In after-hours trading shares began to climb, rising about 1.5% immediately after the figures were published. The quarterly results showed that Palantir reported adjusted and GAAP earnings per share of 44 cents.

Source: Fortune Crypto