Palantir cuts annual revenue outlook on timing uncertainty of government contracts

📆 8/8/2022 2:21 PM
📰 ChannelNewsAsia

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Palantir Technologies Inc lowered its annual revenue forecast as the timing of some large government contracts remained uncertain, the data analytics software company said on Monday.'The size of these contracts, coupled with government procurement, is what makes it so unpredictable,' Palantir's Chief Fina

Palantir Technologies Inc lowered its annual revenue forecast as the timing of some large government contracts remained uncertain, the data analytics software company said on Monday.

Commercial revenue grew 46 per cent in the second quarter, with U.S. commercial revenue more than doubling.

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