Palantir’s shares jumped 10% after reporting a remarkable 93% increase in yearly revenue, totaling $1.94 billion, surpassing Wall Street’s forecast of $1.8 billion for Q2. Despite rising criticism linked to its involvement in government operations, including a key role in the Trump administration’s immigration policies, Palantir’s US government contract revenue surged 90% to $809 million. This strong financial performance sets it apart in a quarter of mixed results across the tech industry.
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