Palantir lifts annual revenue forecast on robust US government demand


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

May 4 (Reuters) - Palantir ⁠Technologies raised its annual revenue forecast and beat estimates for quarterly results ⁠on Monday, a sign of growing demand for its data analytics software ‌from the U.S. government and commercial clients.

The rising adoption of artificial intelligence tools in modern warfare has boosted demand for software platforms developed by companies such as Palantir that help defense departments analyze data and ​make real-time targeting decisions.

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