Palantir Lands $99.6 Million Deal with U.S. State Department

Palantir Technologies Inc has won a contract to sell up to $99.6 million worth of software to the U.S. Department of State for monitoring the health of the diplomatic corps, the company told Reuters ahead of a Wednesday announcement. The U.S. data analytics firm said the project – Axiom – would help the Bureau of […]

Palantir Expects 2023 to be First Profitable Year, Shares Soar

Palantir Technologies on Monday forecast its first profitable year and said it had slowed hiring, cut stock-based payouts and reduced cloud computing investments in response to lower spending from recession-wary businesses. The forecast, coming on the back of better-than-expected fourth-quarter results, sent the data analytics software maker’s shares up 16% after hours and was set […]

Palantir Signs $20 Million Deal with S.Korea's Hyundai Heavy Industries

Palantir Technologies Inc announced on Wednesday it signed a deal valued at $20 million over five years to expand its partnership with South Korea’s Hyundai Heavy Industries Group, one of the world’s largest shipbuilding conglomerates. The conglomerate’s shipbuilding affiliates including Hyundai Heavy will use Palantir’s operating system, known as Foundry, to strengthen data-driven decision making, […]