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Palantir posts 49% rise in quarterly revenue

05/11/2021 07:03
Palantir posts 49% rise in quarterly revenue

- Tech billionaire Peter Thiel-backed Palantir Technologies Inc PLTR.N on Tuesday reported a 49% rise in first-quarter revenue as the U.S. data analytics firm signed more software contracts with businesses and government organizations across the world.

Revenue for the company, which went public in September, rose to $341 million in the quarter ended Mar. 31.


(Reporting by Chavi Mehta in Bengaluru; Editing by Shinjini Ganguli)

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