Palantir jumps on forecast to turn profit every quarter in 2023


FILE PHOTO The logo of U.S. software company Palantir Technologies is seen in Davos Switzerland May 22 2022. Picture taken May 22 2022.   REUTERSArnd WiegmannFile Photo

FILE PHOTO: The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann/File Photo

(Reuters) -Data analytics software maker Palantir Technologies said on Monday it expects to turn a profit every quarter in 2023 weeks after launching its new artificial intelligence platform, sending its shares up about 28% in extended trading.

The company, known for its work with the U.S. Central Intelligence Agency, also beat first-quarter revenue expectations on bigger projects from existing commercial and government clients.

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