Welcome to our dedicated page for Palantir Technologies news (Ticker: PLTR), a resource for investors and traders seeking the latest updates and insights on Palantir Technologies stock.
Palantir Technologies Inc. (symbol: PLTR) builds advanced software platforms that empower human experts to perform robust, collaborative data analysis at scale. Established in 2003 and headquartered in Palo Alto, CA, Palantir has made significant strides in the tech industry. Its software is utilized across public institutions, private enterprises, and non-profit sectors to address the complex task of making sense of large, diverse datasets in a responsible manner.
Palantir's key offerings include the Palantir Gotham and Palantir Foundry platforms. Gotham enables institutions to integrate, visualize, and analyze massive amounts of data for critical missions, ranging from defense and anti-fraud initiatives to disease response. Foundry, on the other hand, serves commercial clients by enhancing their data-driven decision-making processes.
The company went public in 2020 and has continuously expanded its global presence, with offices worldwide. Recent achievements include the expansion of strategic partnerships and the deployment of its technologies in various high-impact areas. Financially, Palantir has shown a strong performance, reflecting its growing influence and market penetration.
Palantir’s solutions are pivotal in revolutionizing how organizations approach data integration and analysis. By providing cutting-edge tools that enhance efficiency and accuracy, Palantir continues to support some of the world's most critical missions.
Palantir Technologies has signed a significant agreement with the Prosecutor General’s Office of Ukraine to assist in the investigation of over 78,000 registered war crimes. This partnership enhances Palantir's support for Ukraine against Russian aggression. The software will integrate various data sources, including open-source intelligence and satellite imagery, to aid prosecutors in building cases related to war crimes, such as genocide and aggression targeting Ukrainian citizens.
The initiative aims to provide tools for establishing evidence, managing data, and ensuring robust prosecution of crimes against humanity. Palantir’s co-founder, Alexander C. Karp, emphasized the importance of this collaboration in addressing the ongoing crisis and ensuring accountability for war crimes committed in Ukraine.
Palantir Technologies Inc. (NYSE: PLTR) has announced its earnings release date for Q1 2023, scheduled for May 8, 2023, after U.S. markets close. A webcast will follow at 3:00 PM MT / 5:00 PM ET to discuss these results. Shareholders can also submit questions prior to the event.
Palantir emphasizes its commitment to innovative software solutions, aiming to provide foundational software for the future, as noted in their communications. More details and registration for the webcast can be found on their investor relations page.
Palantir Technologies Inc. (NYSE: PLTR) announced that its Palantir Federal Cloud Service (PFCS) has achieved FedRAMP authorization to support U.S. Department of Defense (DoD) workloads at Impact Levels 4 and 5 on Microsoft Azure. This milestone enables U.S. government clients to leverage Palantir and Microsoft's secure, enterprise-grade capabilities. The partnership aims to enhance services for the DoD, meeting necessary regulatory compliance and supporting Controlled Unclassified Information (CUI) and ITAR workloads. The authorization simplifies agency operations and demonstrates Palantir's commitment to federal customers.
Palantir Technologies Inc. (NYSE: PLTR) has renewed its partnership with the Australian Transaction Reports and Analysis Centre (AUSTRAC) to enhance its intelligence data analysis platform. This collaboration, ongoing since 2017, aims to support AUSTRAC's mission to protect Australia’s financial system from criminal abuse, including money laundering and terrorism financing. AUSTRAC will leverage Palantir’s Gotham and Foundry software to fuse large-scale data, aiding in national security threat identification and criminal network disruption. Mike Kelly, Head of Palantir Australia, emphasized the importance of this partnership for enhancing Australia’s safety.
Palantir Technologies (NYSE: PLTR) has secured a $99.6 million BPA contract from the Department of State to enhance data management for the Bureau of Medical Services (MED) over five years. The project, titled Project Axiom, aims to improve decision-making and operational efficiency for the safety and health of U.S. diplomatic personnel. Emphasizing rapid responses to global crises, the platform will support emergency management, logistics, and medical support. This contract expands Palantir's existing partnership with the State Department, building on past collaborations since 2017, particularly in global health initiatives.
Palantir Technologies Inc. (NYSE:PLTR) announced its fourth-quarter and fiscal year 2022 financial results, marking a notable shift to profitability with a GAAP net income of $31 million. This is the first quarter with positive GAAP net income, with earnings per share at $0.01. Total revenue for Q4 grew 18% year-over-year to $509 million, while for the full year, revenue reached $1.91 billion, marking a 24% increase. The company also reported significant growth in customer count, with a 55% increase year-over-year. Looking forward, Palantir expects Q1 2023 revenue between $503-$507 million and full-year 2023 revenue of $2.18-$2.23 billion.
Palantir Technologies has announced a $50 million, five-year expansion of its partnership with SOMPO Holdings. This initiative will enhance workflows for over 10,000 salespeople in SOMPO Japan and promote the development of SOMPO's Real Data Platform. Palantir's software, Foundry, is central to SOMPO's digital transformation, improving operations in the insurance sector and disaster response. SOMPO aims to boost efficiency and profitability through this collaboration, reflecting a commitment to digital transformation in Japan's insurance industry.
Cardinal Health (CAH) and Palantir Technologies (PLTR) have announced a strategic partnership aimed at enhancing pharmaceutical purchasing decision support for health systems and hospitals. The collaboration will utilize Palantir's Foundry platform to integrate AI and machine learning, combining clinical and purchasing data to optimize supply chain management. The solution aims to address rising drug expenses and inventory challenges, providing real-time insights to improve efficiency and access to medications. This partnership reflects Cardinal Health’s proactive approach to mitigating supply chain uncertainties in healthcare.
Palantir Technologies (NYSE: PLTR) announced its FoundryCon conference will be live streamed on February 1, showcasing key insights for the US commercial market. The event will feature CEO Alex Karp and COO Shyam Sankar, along with speakers from Dish Wireless, Southern California Edison, and other notable organizations. In addition, Palantir will unveil new products including the Marketplace Developer Suite and Process Mining & Automation Suite. The live stream will begin at 9:30 AM PT and can be viewed on YouTube.
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