US EditionPalantir lifts full-year guidance as CEO Karp cites ‘tectonic shift’ in AI adoption
- Palantir Technologies CEO Alex Karp raised full-year revenue guidance after reporting strong first-quarter results on March 13, 2025, in Palo Alto, California.
- The company boosted outlook due to a surge in both commercial and government revenue driven by rising AI adoption and increased U.S. Defense sector usage.
- Commercial revenues grew 71% to $255 million, government sales jumped 45% to $373 million, and total U.S revenue rose 55% to $628 million for the quarter.
- Karp said Palantir faces a 'tectonic shift' in software adoption with demand for large language models creating a 'stampede,' while net income reached $214 million.
- The company expects 2025 revenues between $3.89 billion and $3.90 billion, boosted adjusted free cash flow, and closed 139 million-dollar deals, suggesting robust growth ahead.
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Palantir CEO Alex Karp touts 'warrior culture' as company boosts annual revenue outlook
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