-Data analytics firm Palantir Technologies forecast fourth-quarter revenue above market estimates on Thursday, betting on strong demand for its new artificial intelligence platform from clients including U.S. government agencies.The company expects revenue between $599 million and $603 million, the midpoint of which was above analysts' average estimate of $600.5 million, LSEG data showed.
"By the end of November, we're on track to conduct bootcamps with 140 organizations and half of those will take place in ," Chief Revenue Officer Ryan Taylor said. Budgeting constraints at the government had sparked some near-term uncertainty in the business, but Palantir remains positive on demand in light of geopolitical tensions, the company said.
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