Palantir's AI Growth Drives 17% Revenue Increase and 4th Straight Profitable Quarter
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Palantir is considered a top AI/ML platform vendor and leader in ModelOps by analysts like Forrester and Dresner.
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Palantir recently launched an AI Product (AIP) to support large language models and automate workflows.
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In Q3, Palantir grew revenue 17% year-over-year. Commercial revenue rose 23%; government 12%.
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Palantir achieved its 4th straight quarter of GAAP profitability with $72M in net income.
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With expected 20%+ annual growth, Palantir trades at a reasonable 19x sales valuation. Morgan Stanley forecasts 20% CAGR through 2029.