Palantir Technologies Inc Stock Price, News & Analysis

Palantir Technologies reported Q1 2022 financial results, showcasing a 31% revenue growth year-over-year to $446 million. Commercial revenue surged by 54%, with US commercial revenue rising an impressive 136%. Despite these gains, the company experienced a loss from operations of $(39) million and a GAAP net loss per share of $(0.05). The outlook for Q2 2022 projects a base revenue of $470 million, with an expected adjusted operating margin of 20%. Palantir anticipates annual revenue growth of 30% or more through 2025.

Palantir Technologies Inc. (NYSE:PLTR) has secured a $90 million Blanket Purchase Agreement (BPA) with the Department of Health and Human Services (HHS) for five years. This BPA allows various HHS agencies to utilize Palantir's platform to enhance data-driven insights and operational efficiency. The initial task is a multi-million dollar contract to improve HHS’s core administrative data management. Palantir's technology is essential for public health initiatives and has been utilized by numerous health agencies, showcasing its critical role in data integration and analysis.

Palantir Technologies Inc. (NYSE: PLTR) has launched a suite of new products within its Apollo operating system designed for autonomous software deployment. These innovations, showcased during Apollo Demo Day at 11:00 am ET, enhance deployment, security, and upgrade management for over 500 microservices across 300 environments. Notable features include autonomous deployment capabilities, cloud portability, air-gapped environment management, a centralized software catalog, and built-in governance and security tools, addressing the complexities of distributed systems and improving operational efficiency.

Palantir Technologies Inc. (NYSE: PLTR) will release its first quarter results for 2022 on May 9, 2022, before U.S. markets open. A webcast to discuss these results will commence at 6:00 AM MT / 8:00 AM ET. Investors can access the live webcast and replay through their investor relations page. Shareholders are also invited to submit questions in advance via a designated platform.

Palantir Technologies (NYSE:PLTR) has expanded its partnership with the CDC to enhance outbreak response and disease surveillance via the DCIPHER program. This collaboration began over a decade ago, focusing on foodborne outbreaks and evolving to manage various pathogens. Utilizing the Palantir Foundry platform, the program allows for swift data integration and analysis, aiding public health efforts. Palantir continues to play a significant role in supporting federal health agencies, enhancing operational workflows and decision-making capabilities.

Palantir Technologies Inc. (NYSE: PLTR) is set to launch a new suite of products on its Apollo platform at the Apollo Demo Day on April 27, 2022, at 11:00 am ET. The offerings will facilitate the autonomous deployment and management of software across various environments, enhancing development efficiency. Key features include faster feature delivery and cross-environment functionality, supporting devices from cloud infrastructures to edge devices like drones and satellites. Registration for the event is required and will close 24 hours prior.

Palantir Technologies (NYSE: PLTR) has initiated a partnership with Carahsoft Technology Corp., appointing Carahsoft as its U.S. Federal Distributor. This collaboration is part of Palantir's strategy to enhance its sales organization and expand its reach within the U.S. Government sector. Through this partnership, government agencies can procure Palantir's data operations software via Carahsoft's reseller partners. The modular solutions offered aim to address specific needs at competitive prices, driving digital modernization efforts across various departments.

Palantir Technologies has announced the formation of its inaugural Palantir Federal Advisory Board (PFAB), consisting of esteemed national security leaders. This board aims to enhance Palantir's offerings to the United States Government by providing guidance on defense and homeland security challenges. Notable members include former high-ranking officials from the Department of Defense and Homeland Security. The establishment of PFAB reaffirms Palantir’s commitment to technological innovation and operational excellence in national security.

Palantir Technologies (NYSE:PLTR) announces that Shyam Sankar, Chief Operating Officer, will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 9, 2022, at 4:45 p.m. Pacific Time. A live audio webcast will be available during the presentation, and the replay can be accessed on Palantir’s investor relations website for at least 15 days thereafter. Investors are encouraged to monitor Palantir's website and social media for updates.