Palantir lifts annual revenue forecast as data analytics spending booms

Aug 3 : Palantir Technologies on Monday raised its annual revenue forecast again, signaling strong demand for its data analytics software from government and commercial clients, sending its shares up 8 per cent in extended trading.Modern warfare and geopolitical uncertainty have prompted governments to invest in advanced defense technologies such as Palantir's AI-powered battlefield software and Anduril's autonomous drones. Anduril and Palantir are working together to develop software for ​U.S. President Donald Trump's Golden Dome antimissile shield initiative, Reuters has reported."Our business is compounding at a rate and scale that we have never before witnessed," Palantir CEO Alex Karp said in a letter to shareholders. The company, which enables government and enterprise clients to mak