2023-05-10 10:00:27
“We were profitable once more this quarter… And we expect to remain so each quarter until the end of the year. ” In its letter to shareholders published on Monday, Alex Karp, CEO of Palantir, is delighted with the good results of his Big Data company. Positive signals which also pleased the stock market: the title of the company soared 20% at the end of the session on Wall Street and jumped more than 23% on Tuesday.
During the period ending March 31, the discreet firm, co-founded and still chaired by billionaire Peter Thiel, made a net profit of $17 million and generated $525 million in revenue (an increase of 18% ). This result “exceeds our initial forecasts, and yet still underestimates the magnitude of the opportunity before us,” said Alex Karp during this video call.
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