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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.
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Palantir Technologies Inc. partners with the Government of Ukraine to digitize demining operations and support the goal of demining 80% of potentially mined land within 10 years. The partnership aims to enhance coordination, prioritize resources effectively, and leverage AI technology for decision-making in mine action.
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Palantir Technologies Inc. (PLTR) wins eight categories at the Dresner Advisory Services 2023 Technology Innovation Awards for its decision intelligence platform. The company excelled in areas such as AI, Data Science, Cloud Business Intelligence, and more, based on user-driven research.
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Palantir Technologies Inc. (PLTR) to be the lead sponsor at the AI Expo for National Competitiveness organized by SCSP in Washington, DC. The expo aims to promote AI innovation and collaboration among industry leaders, research institutions, and government entities.
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Palantir Technologies Inc. (PLTR) and Bapco Upstream announced a strategic partnership to deploy Palantir’s software to support and accelerate Bapco Upstream’s ability to power the next generation of energy in Bahrain. The partnership aims to maximize energy production, reduce carbon emissions, and achieve net-zero emissions by 2060. Palantir's AI platforms will be deployed in a three-year agreement to support Bapco Upstream's mission. The collaboration is expected to unlock new possibilities in upstream operations and drive efficiency throughout the organization.
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Palantir Technologies Inc. (NYSE:PLTR) announced Q4 2023 financial results, with GAAP net income of $93 million, a 15% margin, and adjusted EPS of $0.08. Revenue grew 20% year-over-year to $608 million. US commercial revenue increased by 70% year-over-year to $131 million. The company's cash, cash equivalents, and short-term US treasury securities totaled $3.7 billion.
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Coles Supermarkets and Palantir Technologies Inc. have announced a 3-year partnership to deploy Palantir platforms to all 850+ stores in Australia. The partnership aims to deliver a suite of workforce strategy and analytics tools to drive operational excellence and improve Coles' end-to-end workforce strategy and integrated supply chain functions. The platforms will enable Coles to better understand and address workforce-related spend, optimize workforce planning, shift efficiency, and enhance the experience for shoppers.
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Palantir Technologies Inc. (PLTR) will release its Q4 and fiscal year 2023 results on February 5, 2024, followed by a webcast to discuss the results. Shareholders can pre-register for the webcast and submit questions for the discussion.
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Palantir Technologies Inc. (PLTR) partners with the University of Colorado Anschutz Medical Campus to establish the Center for Linkage and Acquisition of Data (CLAD) as part of the National Institutes of Health’s (NIH) All of Us Research Program. The center aims to connect new types of information to All of Us participant data to better understand the drivers of health and disease. Palantir's software will serve as the interoperable, digital backbone of the CLAD platform, securely connecting new types of information to provide researchers more information to better understand the factors that influence health.
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Palantir Technologies Inc. (PLTR) and Option Care Health Inc. (OPCH) announced a multi-year commercial partnership to leverage Palantir's AI software to improve patient outcomes and increase efficiency. Option Care Health will use Palantir's Artificial Intelligence Platform (AIP) across nurse scheduling, patient onboarding, purchasing optimization, and supply chain execution. The partnership aims to optimize visits per day, increase patient face time with clinicians, reduce administrative burden, and ensure stockage of drugs and medical supplies while preventing overstocking. Palantir's software is also used across government health organizations, including the National Institutes of Health and the U.K.'s National Health Service.
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Palantir Technologies Inc. (NYSE: PLTR) extends pivotal partnership with the U.S. Army's Program Executive Office for Enterprise Information Systems (PEO EIS) for the Army Vantage data-driven operations and decision-making platform. The one-year contract is valued at $115.04 million, with $97.35 million awarded and initial funding of $35.6 million. The partnership aims to enhance the Army's data platform capability, providing real-time operational enterprise data ecosystem.
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FAQ
What is the current stock price of Palantir Technologies (PLTR)?
The current stock price of Palantir Technologies (PLTR) is $65.91 as of January 14, 2025.
What is the market cap of Palantir Technologies (PLTR)?
The market cap of Palantir Technologies (PLTR) is approximately 148.0B.
What is Palantir Technologies Inc. known for?
Palantir Technologies Inc. is known for building software platforms that help experts perform powerful, collaborative analysis of large datasets.
What are the main products of Palantir?
Palantir’s main products include Palantir Gotham and Palantir Foundry. Gotham serves public institutions, while Foundry is aimed at commercial clients.
When was Palantir Technologies Inc. founded?
Palantir Technologies Inc. was founded in 2003.
Where is Palantir Technologies Inc. headquartered?
Palantir Technologies Inc. is headquartered in Palo Alto, CA.
When did Palantir go public?
Palantir went public in 2020.
What sectors does Palantir serve?
Palantir serves public institutions, private enterprises, and non-profit organizations.
What is Palantir Gotham used for?
Palantir Gotham is used for integrating, visualizing, and analyzing large amounts of data, particularly for defense, anti-fraud, and disease response missions.
What is the purpose of Palantir Foundry?
Palantir Foundry is designed to enhance data-driven decision-making processes for commercial clients.
How has Palantir expanded recently?
Palantir has expanded through strategic partnerships and by deploying its technologies in various high-impact areas.
What impact do Palantir's solutions have on organizations?
Palantir's solutions help organizations efficiently and accurately integrate and analyze data, thus supporting critical missions and enhancing overall performance.
Palantir Technologies Inc.
NYSE:PLTR
PLTR Rankings
PLTR Stock Data
148.03B
2.17B
5.1%
50.89%
3.39%
Software - Infrastructure
Services-prepackaged Software
United States of America
DENVER