Palantir Technologies Inc. has experienced a meteoric rise after announcing its annual revenue forecast for 2025 that beat analysts' expectations. According to CEO Alex Karp, this growth is driven by "unbridled organic interest" in their AI software. The company expects revenue of around $3.75 billion and adjusted operating profit of $1.56 billion. Meanwhile, analyst expectations were lower, specifically $3.54 billion in revenue and $1.37 billion in operating profit.
Impressive results and growth
Palantir $PLTR, long known for its work with the defense sector, has also focused on artificial intelligence in recent years. The company's stock is up a whopping 340% in 2024, thanks to a growing interest in AI and an expanding customer base in both the commercial and government sectors.
In the fourth quarter of 2024, the company achieved revenue of $827.5 million, a 36% year-over-year increase. Meanwhile, analysts were expecting "only" $775.9 million. Earnings per share came in at 14 cents,…