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Palantir Technologies Inc. - PLTR STOCK NEWS

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.

News

Palantir Renews Digital Transformation Partnership with UniCredit for Another Five Years

Rhea-AI Summary
Palantir Technologies Inc. (PLTR) renews its partnership with UniCredit S.p.A to deploy the Palantir Foundry operating system, accelerating the bank’s digital transformation to increase revenue and mitigate risks. The partnership, first established in 2018, aims to streamline sales, operationalize machine learning and AI, enforce policy compliance, and enhance decision making. Palantir Foundry has been extended to all CE&EE UniCredit Legal Entities, driving process efficiencies and improving campaign management. UniCredit noted a four-fold increase in customer redemption of protection products through better targeting.
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2.11%
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Palantir Reports Its Fourth Consecutive Quarter of GAAP Profitability; GAAP EPS of $0.03

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Palantir Technologies Inc. (NYSE:PLTR) announced its financial results for Q3 2023. The highlights include GAAP net income of $72 million, representing a 13% margin, and adjusted EPS of $0.07. Revenue grew 17% year-over-year to $558 million, with commercial revenue growing 23% to $251 million. The company also reported a 34% increase in customer count and a 37% increase in US commercial customer count. Cash from operations was $133 million, and cash, cash equivalents, and short-term US treasury securities totaled $3.3 billion.
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20.44%
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CalypsoAI Partners with Palantir to Improve AI Security in U.S. Government

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CalypsoAI partners with Palantir Technologies to make its AI security platform available to government agencies through Palantir's FedStart program. CalypsoAI's platform prevents sensitive company information from being shared on public large language models, identifies and stops malicious attacks deployed through generative AI tools, and verifies LLM output. The partnership will enable CalypsoAI to expand its solutions in the government sector and accelerate adoption by more government customers.
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0.81%
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Palantir Ranked No. 1 Vendor in AI, Data Science, and Machine Learning

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Palantir Technologies has been recognized as a top performer in the 2023 AI, Data Science, and Machine Learning Wisdom of Crowds® Market Study by Dresner Advisory Services. The company received high scores in analytical features & functions, model operations, and usability. Palantir's Artificial Intelligence Platform (AIP) enables organizations to bring the power of Generative AI into their critical operations.
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-1.92%
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Palantir Announces Date of Third Quarter 2023 Earnings Release and Webcast

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Palantir Technologies Inc. to release Q3 2023 results on November 2, 2023
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Army Awards Palantir AI/ML Contract in Support of JADC2 Capabilities

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Palantir Technologies awarded $250 million contract by the Army to provide AI and ML capabilities.
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1.08%
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Palantir Technologies and PwC Collaborate to Accelerate Operational Transformation

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Palantir Technologies announces strategic Alliance with PwC to leverage AI capabilities and industry experience for value creation and operational transformation.
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5.57%
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Syntropy Announces Collaboration with Evidium to Advance Data-Centric Healthcare

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Syntropy and Evidium form a partnership to improve data quality and enable responsible AI use in clinical research and practice.
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CAZ Investments Selects Palantir for its Artificial Intelligence Platform (AIP)

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CAZ Investments and Palantir Technologies Inc. announce a 5-year partnership for Palantir to provide its Artificial Intelligence Platform (AIP) to support CAZ's growth and innovation. Palantir will offer AI-powered solutions to accelerate partner onboarding and augment investment managers' work. AIP will provide a next-best action system to identify opportunities and improve retention and service to partners. CAZ Investments aims to scale its business for exponential growth with the power of AI.
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Palantir Technologies Signs Partnership With Titan Defence Firm, Babcock

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Palantir Technologies announces Enterprise Agreement with Babcock International Group to strengthen digital defence capabilities. The partnership aims to transform data-driven decision-making and maximize platform availability. The agreement will consolidate data streams and support all areas of Babcock's global defence business. Palantir's software will enable better fleet availability and real-time issue identification. The partnership will also focus on equipment support, maintenance, training contracts, and shipbuilding. This is Palantir's first partnership with a firm in the UK's Defence Industrial Base.
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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.
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Palantir Technologies Inc.

NYSE:PLTR

PLTR Rankings

#73 Ranked by Market Cap
N/A Ranked by Dividends

PLTR Stock Data

148.03B
2.17B
5.1%
50.89%
3.39%
Software - Infrastructure
Services-prepackaged Software
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United States of America
DENVER