Palantir Technologies Inc Stock Price, News & Analysis

Palantir Technologies UK has secured a £75 million Enterprise Agreement with the UK Ministry of Defence (MOD) for three years. This partnership aims to enhance the MOD's digital transformation, utilizing Palantir's software to treat data as a strategic asset, thereby improving military efficiency and decision-making. The agreement supports Defence Digital's vision for 2030, allowing secure data access across all operational domains. As part of this collaboration, the MOD can leverage Palantir's platforms to integrate disparate data sources and perform advanced scenario planning for improved operational outcomes.

Palantir Technologies (NYSE: PLTR) has entered a multi-million dollar partnership with Integrity Mold & Tool to implement Palantir Foundry across its operations. This collaboration aims to enhance data-driven decision-making and optimize processes from manufacturing to sales. Integrity, anticipating revenue exceeding C$230 million in 2023, seeks to leverage advanced technology for competitive advantage. The deal underscores the importance of software in modern manufacturing, focusing on operational efficiency and innovative data solutions.

On December 9, 2022, Palantir Technologies (NYSE: PLTR) announced a strategic multi-million dollar partnership with Crisis24, a GardaWorld company, aimed at enhancing security and risk management through AI. This collaboration will utilize Palantir's Foundry operating system to analyze data on crime, terrorism, health, and geopolitics, providing actionable insights for clients. The partnership seeks to empower organizations to effectively manage evolving risks, supporting decision-making with advanced analytics and human intelligence.

Tampa General Hospital has partnered with Palantir Technologies (NYSE: PLTR) to enhance patient care using data analytics through the Palantir Foundry platform. This collaboration aims to drive operational, research, and clinical excellence while protecting patient privacy. Foundry has already shown value by improving patient flow and staffing efficiency, particularly during Hurricane Ian. Over the next year, the partnership will expand to enhance operational connectivity and support various clinical initiatives, demonstrating Palantir's potential impact in healthcare analytics.

Palantir Technologies (NYSE: PLTR) has secured a five-year, $443 million contract with the CDC to enhance public health infrastructure through advanced software solutions. This contract integrates existing programs into a unified platform, promoting inter-agency collaboration for effective outbreak management and disease surveillance. The deal builds on Palantir's prior role in pandemic response and aims to bolster future preparedness efforts. The partnership highlights the CDC's commitment to innovative health strategies, ensuring long-term operational consistency and improving public health responses in the U.S.

Palantir Technologies (NYSE: PLTR) and Lockheed Martin have announced a partnership aimed at modernizing the U.S. Navy's combat systems. This collaboration will utilize Lockheed's technical expertise and Palantir's Apollo platform, enabling faster and secure software deployment in complex environments. Apollo facilitates Autonomous Deployment, allowing for asynchronous software development and real-time feedback. Lockheed is committed to enhancing software delivery for naval capabilities, addressing critical threats efficiently and affordably, as highlighted by executives from both companies.

Palantir Technologies (NYSE: PLTR) has partnered with WesTrac to deploy its Foundry operating system across WesTrac's servicing and rebuild operations in Perth, Australia. This collaboration aims to enhance digital transformation, improving performance by reducing work order delays and increasing operational efficiency. The partnership, which builds on previous collaboration since 2021, will also extend to workshops in New South Wales. Palantir's software, utilized in over 50 industries, facilitates better data integration and decision-making across WesTrac's operations.

Palantir Technologies Inc. (NYSE:PLTR) reported Q3 2022 revenue of $478 million, reflecting a 22% year-over-year growth. U.S. revenue rose 31% to $297 million, driven by a 53% increase in commercial revenue. Total contract value for the quarter reached $1.3 billion, with customer count growing 66% year-over-year. Despite a $62 million loss from operations, adjusted income from operations was $81 million, marking a 17% margin. The company reaffirmed its full-year revenue guidance of $1.9 - $1.902 billion, anticipating a strong finish despite currency impacts.

Palantir Technologies Inc. (NYSE: PLTR) announced that its FoundryCon US customer conference will open to shareholders, customers, press, and the public for the first time on October 27. This marks Palantir's first in-person customer conference since its IPO in 2020, targeting the US commercial market. CEO Alex Karp will lead a discussion with Axios Co-Founder Mike Allen. Keynote presentations will feature executives from various organizations, including Jacobs and Morgan Stanley. The conference will be livestreamed, starting at 11:30 AM MT.