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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.
Palantir Technologies (PLTR) has announced a multi-year strategic partnership with SAUR Group, a global leader in water distribution and treatment services, to revolutionize contract management using Palantir Foundry's Generative AI capabilities. The partnership aims to transform SAUR's ability to manage complex, multi-year contracts that often span thousands of pages.
Through Palantir Foundry and AI Platform (AIP), SAUR will enhance its contract analysis and navigation capabilities, converting extensive data into structured insights. The implementation has already reached over 300 users within months of deployment, significantly reducing processing time from hours to minutes. The solution focuses on streamlining compliance tracking and operational commitments, making processes more agile and transparent.
The project builds upon SAUR's existing data mastery foundation, including standardized language, governance for data quality, and centralized secure data access.
Palantir Technologies (NASDAQ: PLTR) has achieved significant recognition by winning multiple categories in the Dresner Advisory Services 2024 Technology and Application Innovation Awards. The company secured victories in eight Technology Innovation categories, including AI, Data Science, and Machine Learning, Cloud Business Intelligence, Data Engineering, Self-Service Business Intelligence, Model Ops, Analytical Platforms, Embedded BI, and Collective Insights.
Additionally, Palantir won in the Application Innovation category for Supply Chain Planning and Analytics. These awards were determined based on Dresner Advisory Service's Wisdom of Crowds® series, which provides annual in-depth research and reporting on key industry trends, user perceptions, and technological developments. The recognition positions Palantir among the top-ranked vendors in multiple technological domains.
Palantir Technologies (PLTR) reported strong Q4 2024 results with revenue growing 36% year-over-year to $828 million. U.S. revenue showed remarkable growth of 52% Y/Y to $558 million, with U.S. commercial revenue up 64% Y/Y to $214 million and U.S. government revenue increasing 45% Y/Y to $343 million.
The company demonstrated robust deal momentum, closing 129 deals worth at least $1 million, including 32 deals of $10+ million. U.S. commercial total contract value reached a record $803 million, up 134% Y/Y. Q4 GAAP net income was $79 million (10% margin), with adjusted free cash flow of $517 million (63% margin).
For FY2025, Palantir projects revenue between $3.741-$3.757 billion, with U.S. commercial revenue expected to exceed $1.079 billion (54% growth). The company anticipates adjusted income from operations of $1.551-$1.567 billion and adjusted free cash flow of $1.5-$1.7 billion.
Palantir Technologies (NASDAQ: PLTR) has scheduled its fourth quarter and fiscal year 2024 earnings release for Monday, February 3, 2025, after U.S. markets close. The company will host a webcast to discuss the results at 3:00 PM MT / 5:00 PM ET.
Shareholders can access the live webcast and replay at investors.palantir.com and have the opportunity to submit and vote on questions through the Say Technologies platform.
Palantir Technologies (PLTR) has extended its partnership with the U.S. Army through a contract worth $400.7 million over four years, with a total ceiling of $618.9 million. The agreement continues the Army Vantage capability support for the Army Data Platform (ADP) through 2028.
Since 2018, the Army has used Palantir's software for data and AI integration, supporting various domains including readiness, logistics, recruiting, and management. The Vantage program currently serves over 100,000 users and integrates more than 180 unique data sources, achieving record-high usage in 2024. The platform enables AI-powered data solutions for improved operational efficiency and decision-making across the Army enterprise.
Pray.com, the leading prayer and faith-based content app, has partnered with Palantir Technologies to enhance its content translation capabilities using Palantir's Ontology Software Development Kit (OSDK). The collaboration has enabled Pray.com to process transcripts and translations at native-speaker quality, significantly reducing translation time from days to minutes for thousands of hours of podcasts.
Using Palantir's AI Platform (AIP), Pray.com successfully launched nine months' worth of new product features in just a few months. The partnership allows ministries and nonprofits to access accurate translation services at reduced costs, demonstrating the versatility of Palantir's OSDK offering across industries.
Palantir Technologies (PLTR) has announced its first Warp Speed cohort, featuring companies focused on enhancing American manufacturing through AI and technology. The inaugural members include Anduril Industries, L3Harris, Panasonic Energy of North America (PENA), and Shield AI.
The Warp Speed manufacturing operating system provides speed, flexibility, and security for modern manufacturers. Early results show significant improvements, with Anduril reporting up to 200x efficiency gains in supply shortage response. The system is being used for dynamic production scheduling, engineering change management, and automated visual inspection.
Notable implementations include Panasonic Energy's three-year agreement for battery manufacturing operations in Nevada and Kansas, Shield AI's V-BAT production optimization, and L3Harris's design-to-production enhancement initiatives.
Palantir Technologies (NASDAQ: PLTR) has expanded its contract with the U.S. Special Operations Command (USSOCOM) in a one-year delivery valued at $36.8 million. The company will serve as the lead software integrator for USSOCOM's Mission Command System, implementing its Mission Manager solution for the first time in SOF Units.
The expanded partnership leverages Palantir's multi-vendor development ecosystem and Ontology Software Development Kit to accelerate software deployment. The contract includes pilot projects focused on implementing Palantir's AI capabilities across USSOCOM. The Mission Manager utilizes Kubernetes-based infrastructure to facilitate the integration of commercial software vendors' technologies into a secure environment, enabling government administrators to maintain operational readiness and risk assessment capabilities.
Palantir (PLTR) and Anduril have announced a strategic partnership to enhance AI capabilities for U.S. national security. The collaboration aims to address two critical challenges: data readiness and large-scale data processing.
The partnership will utilize Anduril's Lattice software system and Menace computing devices to capture and distribute tactical edge data, while Palantir's AI Platform (AIP) will provide cloud-based data management and AI development capabilities. The integration will enable secure data structuring, AI training, and deployment across all classification levels.
The consortium will leverage existing platforms like Maven Smart System and Lattice to create a comprehensive edge-to-enterprise solution for AI applications in defense operations. The partnership is immediately operational through existing government contracts and may expand to include additional industry partners.
Booz Allen Hamilton (BAH) and Palantir Technologies (PLTR) announced a strategic co-creation partnership to enhance U.S. defense capabilities. The collaboration focuses on two key areas: transformational information infrastructure modernization and accelerating integrated warfighting operations with coalition partners.
The partnership has already demonstrated success, creating a prototype in just 45 days. The initiative aims to leverage both companies' technologies and expertise to address urgent national security challenges. Booz Allen brings deep mission expertise in defense technology, while Palantir contributes its AI, machine learning, and data integration capabilities.
This alliance builds upon previous successful collaborations between the companies in supporting U.S. government programs, with potential for further co-creation and IP development across various critical missions.
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