The profit per share was 16 cents, compared to the 14 cents that analysts expected on average. Thus, the profit increased by up to 60 percent compared to the same quarter last year.
The turnover landed at $1 billion exactly, which can be weighed against the $939.3 million that the market believed in on average. The turnover meant an increase of 48 percent compared to the second quarter of last year.
In addition, the company is raising its forecast for the full year. There, Palantir now expects a turnover of between $4.141 and $4.150 billion – an increase from $3.89–3.90 billion from the previous forecast.
”Mocking from some”
”The growth rate of our business has accelerated radically, after years of investments from our side and mocking from some”, writes Palantir's CEO Alex Karp in a letter to shareholders.
Palantir, founded in 2003, has built its successes on delivering software and technical AI solutions to mostly defense companies – and has in that part been favored by close ties to the American government.
Highly valued
The Palantir share has risen 113 percent during the AI hype this year and the company is now, with over $379 billion (3,664 billion kronor), in 23rd place on the list of the world's most highly valued listed companies.
Over the past 12 months, the share has soared 550 percent, without analysts always being able to fully explain why.
Prior to the report, Palantir rose 4.1 percent on the New York stock exchange. About 20 minutes after the results were released, the share was a further 4.8 percent up in the exchange's after-trade.
